Green energy provider Power Ledger (POWR) have completed a trial to implement a blockchain-based solution for measuring and monetising renewable electricity for electric vehicles.
Power Ledger’s latest project with Silicon Valley Power is creating the potential for tokenized carbon credit trading and the monetization of electric vehicle charging through blockchain. @SantaClaraPowerhttps://t.co/zyOGawtiUQ
The process was carried out with the collaboration of California’s City of Santa Clara’s Municipal Electric Utility, Silicon Valley Power, and involved Power Ledger’s platform being linked to a 370kW solar system and 49 vehicle charging stations.
Carbon Credits as Standard
The regulatory California Air Resources Board employs a Low Carbon Fuel Standard (LCFS) that demands businesses, that import or produce fuels over a set carbon limit, purchase carbon credits to offset emissions. Presently, much of that data is collected in spreadsheet format and compiled quarterly.
Power Ledger’s platform streamlines this process and tracks LCFS credit generation from solar panels, electrical vehicle charging infrastructure, and credit trading on the blockchain.
Dr Jemma Green, Chairman of Power Ledger, believes the project has “…established a template for a blockchain enabled solution for the measurement, reporting and verification of carbon credits, replacing a manual collection process that could often take months to validate.”
In addition, Dr Green states that the trial “…demonstrated a potential use case for creating a secondary market with digital exchange for tokenising and trading LCFS credits.”
Following the latest successful test, Power Ledger are reported to be in discussions with Silicon Valley Power to implement commercial deployment of the platform.
The 72nd annual Cannes Film Festival in France this week has seen the topic of blockchain taking centre stage in an event designed not to just celebrate cinema but to contribute towards its development.
Although Hubii led the charge of the blockchain brigade with their innovative film fundraising platform, a number of other entities are also lobbying for a greater role of the technology in the industry.
New Cinematic Code
A programme of roundtable discussions organised by France’s Centre of Cinema (CNC) accompanies the premier film event with a slot allocated to debate whether blockchain can shape a new cinematic code of conduct.
One prominent speaker at the roundtable events will be the producer Dominique Boutonnat whose filmography includes the highly regarded The Intouchables. Boutonnat has recently submitted a 139 page report to the CNC recommending blockchain be employed in three main areas to reduce the frequent disputes that occur between various stakeholders during the movie-making process.
According to Boutonnat, the Cinema and Audiovisual Register (RCA) should be moved to a blockchain-based platform in order to guarantee the data’s integrity and permit faster processing times.
He also recommends taxes collected on theatre admissions be recorded on-chain to allow for real-time data collection and prevent poorly managed and distorted viewership figures.
Finally, he suggests that blockchain be used to balance the bargaining power of the media industry to ensure revenues are distributed fairly between companies, platforms, cast, directors, producers and other crew members.
Boutonnat’s report follows a growing chorus from those within French cinema to modernise through decentralised technology.
Taiwanese electronics manufacturer HTC has incorporated Kyber Network’s liquidity protocol into its cryptocurrency Zion Vault, featured on the Exodus1 smart phone. The development will enable users to swap crypto assets between devices without the need for connecting with third party exchanges.
As a web 3.0 blockchain phone, Exodus1’s use of Kyber’s protocol claims to provide a smooth transaction which can be easily tracked and verified on-chain.
Value Exchange on Any Application
The Zion Vault uses a 12-word recovery seed-phrase, generated through a Trusted Execution Environment (TEE) that blocks possible malware attacks and allows users to store, send and request Bitcoin, Ether, Litecoin, plus selected ERC-20 tokens and ERC-721 collectibles.
The integration of Kyber’s protocol now means owners will have the ability to move between over 60 major ERC-20 tokens including BAT and DAI directly from the Zion Vault.
After launching its ICO in 2017 which raised over 200,000 ETH, Kyber developed their on-chain liquidity protocol to facilitate decentralised token swaps so it could be integrated into any application enabling value exchange to be performed between all parties in that ecosystem.
Developers are invited to use the protocol to create payment flows, swap services and financial DApps with the aim of building a “world where any token is useable anywhere.”
Actor William Shatner, most widely known for his portrayal of Captain Kirk in the TV series and movie franchise Star Trek, has announced he is onboard with legaltech firm Mattereum in promoting the company’s Asset Passport Technology which employs smart contracts to authenticate collectible items.
The first piece of memorabilia to go live on the system is a boxed figure of Captain James Kirk in Casual Attire that has been autographed by William Shatner. A digital record will be stored on the blockchain’s immutable ledger to confirm the figure came from the actor’s personal collection.
Legally Enforceable Contracts
The Mattereum protocol set out with the stated aim of turning computer code into legally enforceable contracts. A feature of the protocol is the Mattereum Smart Property Register that allows for the creation of a so-called asset passport that records the validity of title, valuation and other provenance information, as well the assets governance rules.
When applied to collectible items, William Shatner succinctly summed up the idea as “A chip, a token, my signature, and a number. One of a kind.”
The record stored on the blockchain was described in a recent blog post by Mattereum CEO, Vinay Gupta, as a “digital twin” and that “Mattereum is weaving the digital and physical together in a new way.”
Rob Knight, Mattereum’s Chief Technical Officer, stressed the lawful aspect of the protocol by stating “Claims about our Asset Passports are legally binding, so you can be confident that they’re accurate – it’s true, or you can sue.”
According to Gupta though, verifying that assets are genuine is just a first step for the company and they will soon showcase how their blockchain systems can be used for “…effortless, elegant trade, transfer, track and trace, even physical search.”
Aeron, the blockchain-based aviation safety project, has announced the opening of its loyalty programs – one for pilots, another for professionals and students of the industry, and another again aimed towards the general public and passengers.
The inclusion of the second demographic is an addition to the original plan laid out in the company’s roadmap and significantly expands the reach of the platform.
Professional and Public Incentives
According to the company’s latest blog post, the Aeron/Aerotrips Global Flight Club is designed to “support a worldwide network of flight schools to allow for the most efficient exchange of students, knowledge and skills.”
Annual membership to this professional program costs under 300 Euros, payable in Aeron’s native ARN token or other cryptocurrencies such as BCH, BNB, BTC, ETH and LTC. Participants are granted certain privileges and the membership price can be set against flights and training provided by Aeron’s flight partners as well as entitle users to discounts on further tuition fees.
The general public can opt to join the CryptoBonusMiles (CBM) program for free where they can earn CBM reward tokens for linking their existing airline loyalty programs or joining new ones. The CBM tokens can be used for flight discounts or converted into other cryptocurrencies. For each airline linked, members will receive 100 CBM tokens. Currently there are over 50 airlines associated with the initiative with the intention to increase this number to around 150.
An airdrop of the CBM token has already taken place, supported by Binance exchange, to ensure a wide audience base.
After coming to market during the autumn of 2017 by raising a modest $5 million through an initial coin offering (ICO), Aeron became the first bi-directional token when it became accessible as both an ERC-20 token on the Ethereum network and as an equivalent on the EOS blockchain.
SingularityNET, the team behind the world’s so-called most expressive robot, has announced a partnership with Domino’s (Malaysia and Singapore Divisions) which will enable the pizza giant to utilise SingularityNET’s native AGI token to power efficiencies in their supply chain and delivery operations.
Within the region, Domino’s have over 260 stores which will provide market data to SingularityNET who, in turn, will be able to offer a number of algorithms aimed at improving Domino’s business processes.
A Benevolent AI Future
With the stated aim of “creating a movement toward a benevolent artificial intelligence (AI) future”, SingularityNET launched in 2017 through a multi-million dollar ICO that sold out in seconds and has already established a number of high profile partnerships in different market sectors.
According to the company’s latest blog post, this foray into the food industry will allow Domino’s to access the decentralised marketplace’s “…large population of developers interested in getting their hands dirty and develop AI for immediate testing/use.” Each independent AI would then be brought together to “…be delivered to Domino’s drivers, operators, and business as a whole.”
Speaking on the partnership, Domino’s (Malaysia and Singapore) CEO, Mr Ba U Shan-Ting, said “Our newest transformation effort is occurring in our Operations function, where we are automating significant portions of our delivery operations and consolidating our operations centres. SingularityNET’s algorithms and services will allow us to explore these efficiencies at scale.”
To achieve this, Domino’s will use the SingularityNET platform to specify their AI requirements allowing developers worldwide to “…view, assess, discuss and collaborate on the best ways to satisfy demand.” Successful outcomes would then be rewarded with a previously set amount of AGI tokens for each AI requirement.
This incentivising of AI development coupled with audited transactions is a cornerstone of SingularityNET’s drive to create a mutually beneficial blockchain-based ecosystem for both enterprise customers and AI developers.
Power Ledger (POWR), the peer-to-peer marketplace provider for renewable energy and a personal favourite of Sir Richard Branson, has announced the next stage of Australia’s sustainable new building development at the 1.5 hectare-sized East Village at Knutsford, near Fremantle, Western Australia.
Phase 2 of the ReNew Nexus project will use 100% renewable energy and involves a number of stakeholders, including Curtin University, working under the guidance of Western Australia’s land development agency, LandCorp.
Village of Sustainability
According to LandCorp, East Village will shortly be releasing the 36 architecturally designed and landscaped turnkey homes for sale, with another 2 apartment blocks consisting of a further 60 dwellings coming in the future. All of which will be fitted Power Ledger’s blockchain-enabled technology.
The whole concept of the project is based on achieving a more sustainable way of living and includes a range of water and energy initiatives that fit within the overall Australian Government’s Smart Cities Plan laid out in 2016.
Co-founder of Power Ledger, David Martin, explained in a company blog post that he believes “The property industry is in a unique position to drive energy change from the ground up” and “This project highlights how developers can choose to make smarter, more efficient choices when it comes to homes.”
Power Ledger expect to save residents around 50% of their annual electricity costs, estimated to be $1,200 AUD, by enabling people to sell excess electricity collected from their own solar panels directly to other consumers rather than back to the national grid.
To achieve this, the entire development has a self-contained micro-grid and battery storage system that will also allow for fast charging of electric vehicles and power a Curtin University inspired Legacy Living Laboratory offering “a learning space that will feature a commercial kitchen, meeting spaces and real time data display.”
At around the same time asnews broke of the New York Attorney General’s court order against iFinex Inc – the operator of Bitfinex and the so-called stable coin Tether (USDT) – hundreds of BTC were moved from several wallets that had remained dormant since they were first identified as holding funds stolen from a hack of the Bitfinex exchange in 2016.
Around $1.5 million of BTC were moved from the wallets which is only a small fraction of the haul taken during 2016 hack. However, both Twitter and Reddit users were quick to highlight the transfers, note the timeline and possible correlation between the court order and the BTC transfers, serving to reignite old debates as to whether the 2016 event was an internal or external theft.
The current court order, however is not directly related to the hack but to a more recent liquidity issue where New York Attorney General, Letitia James, asserts that “…the operators of Bitfinex trading platform, who also control the ‘tether virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of co-mingled client and corporate funds.”
Bitfinex have strenuously denied the allegation, going as far as to say the “…court filings were written in bad faith and riddled with false assertions…” and that “Both Bitfinex and Tether are financially strong – full stop.”
Whether financially strong or not, Tether has a history of polarising views within cryptocurrency circles and was recently delisted by Digifinex exchange over trust issues at around the same time it was included as an asset within the popular Exodus desktop wallet.
A number of commentators, such as University of Berkley’s Professor Barry Eichengreen, have previously questioned the viability of all stable-coins as they are pegged to fiat currency, raising not just trust issues for the users but also levels of governmental interest in a project.
One year ago, Bitcoin maximalist Tone Vays – who himself could be seen as a dividing force within the community – took this thesis a stage further when he hypothesised that “…Tether will blow-up, it’s inevitable, it will not succeed, it can’t. Just by it’s structure…it’s not decentralised, it’s centralised, and the day the U.S. Government wants to shut down Tether, they will.”
An article in the Portland Business Journal (PBJ) has reported that global sportswear and apparel company Nike has applied for a trademark for the word Cryptokicks that would be used to underpin “a digital currency” and “an electronic marketplace for footwear and clothing.”
While the company has not responded to the PBJ’s invitation for comment at the time of publication, the trademark application strongly suggests that Nike’s iconic Swoosh logo will soon be taking a place in the digital asset class.
A Washington D.C. Trademark attorney, Josh Gerben, told the PBJ that “Nike does not have a history of filings that are speculative” and he believed they were serious in the application.
Earlier this month, the PBJ disclosed that Nike have already filed a trademark application for the word Footware, which is seen as compound of the more familiar words footwear and software, reflecting Nike’s expected expansion into the digital arena. The move is thought to be based on impressive sales growth in this area with the latest digital sales figures up 36% contributing to Nike’s reported annual revenue of $9.6 billion.
Despite rumours persisting around the possibility of a Facebook coin and industry insiders such as Binance’s CEO Changpeng Zhao suggesting that Amazon will have no option but to follow suit, most multi-national corporations have so far been cagey in revealing their intentions regarding their own digital currencies.
Amazon will have to issue a currency sooner or later.
However, should Nike chose to be more transparent in their plans, they will not be alone in the business world as several other major players, including Air Asia and Japan’s largest bank – Mitsubishi UFJ Financial Group – have already publicly announced investments in their own similar ventures.