Bosch introduced the refrigerator on the blockchain

The German giant Bosch and Austrian energy company Wien Energie presented a refrigerator using blockchain technology. It is reported by CoinDesk .

The device allows its owners to "safely and transparently" control energy consumption. Currently, an innovative fridge is being demonstrated at the ANON Blockchain Summit in Vienna.

A special application allows users to control the temperature conditions of the refrigerator and freezer, controlling the power consumption of the device. In addition, the application notifies if the door is left open, and also provides information on carbon dioxide emissions.

In addition, according to representatives of Wien Energie, the device allows its owners to become “active participants” in the energy market, where smart contracts are involved to switch between different energy sources. The blockchain technology, in this case, allows you to transparently monitor the process of energy consumption.

“Blockchain infrastructure is able to implement new business models in the energy market. For example, charging stations can use a computer protocol on the blockchain and automated contracts to buy electricity from solar panel systems located on rooftops nearby and on exchanges, and then provide it for electric vehicles , ”said Wien Energie head Peter Genitzer.

Earlier, the head of the blockchain-startup ConsenSys Joseph Lubin expressed the opinion that the widespread adoption of the blockchain technology will significantly accelerate the growth of the global economy.

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