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Blockchain technology provider Unibright announced on its blog that it is partnering with German startup Wasserkraft Mittelrhein to facilitate energy trading, monitoring, data analysis, and integration.
Unibright offers a unified framework that brings blockchain technology and smart contracts to mainstream usage. The company recognizes the problems with fossil fuel-based energy systems that include carbon emission, energy crisis, and pollution.
To address the issue, Unibright proposes the concept of a “smart grid” where small power producers engage directly with consumers using blockchain technology. It partners with Wasserkraft Mittelrhein, a highly innovative player in generating clean and renewable energy using hydroelectric power plants (buoys).
The power buoys generate electricity by converting the power of a river’s current using a more than 8 feet long rotor. The power buoy weighs over 7 tons and 36 feet long can generate electricity to 100 households.
The current pilot phase installs 16 power buoys into the river rhine and generates approximately 6.4M killowat hour of electricity per year enough to power over 1,000 households and return over 6,000 tons of greenhouse gas. Among the benefits with this approach is that it provides constant power using the river’s current.
“Currently, the first pilot buoy has been installed in river Rhine, mainly to collect data on the river’s current and to provide information for external auditors in terms of environmental sustainability and stability of the construct. All innovative ideas, milestones and roadmaps have to be adjusted according to the regulator and external funding, and the goal is to have 16 buoys installed, producing energy and using Unibright technology by the beginning of 2021,” Unibright said added.
Blockchain has many applications. The Brazilian Ministry of Education is planning to use it to issue digital certificates and end the issuance of fake university diplomas.
