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Transition of the energy market of Estonia to the blockchain and other global initiatives to introduce technology



In the latest review of recent blockchain initiatives – the Chinese authorities supported a major project to study the practical use of blockchain technology, a revolutionary solution for the electricity market in Estonia, and the use of the R3 consortium in the field of logistics.

China's largest media group launches blockchain lab

Where: China
In which area: research
Purpose: study of the practical possibilities of the blockchain technology in various business areas
Who deals: People Capital, Xunlei Limited
Technology used: ThunderChain
Link: Press Release

Estonian energy market switches to blockchain

Where: Estonia
In which area: electricity market
Objective: Tokenization of electricity supply contracts, increasing net electricity consumption
Who deals: WePower, Elering
Technology used: Ethereum
Estimated implementation date: experimental stage
Link: Wired

Port of Rotterdam launches logistics blockchain project

Where: Netherlands
In which area: logistics, supply chain
Purpose: cargo tracking
Who deals: Port of Rotterdam, Samsung SDS, ABN AMRO
Technology used: Samsung Nexledger, Corda
Estimated implementation date: January 2019
Link: Port of Rotterdam

In Europe, they can sign a blockchain development agreement

More than 20 European countries are ready to sign an agreement on the joint development of blockchain technology. This statement was made at the past in Moscow forum "Blockchain in the digital economy" by the official representative for the development of digital innovation and the blockchain technology of the main department for communication networks, content and technology of the European Commission Benoit Abelou.

“To give the blockchain a clear legal basis, we are currently working on new documents. We also have a blockchain partnership in Europe, which includes 26 member states that are now ready to sign an agreement between the countries and the European Commission to jointly develop technology and provide specific cross-border services for developing the necessary infrastructure, ”the official said.

According to Abel, the blockchain is “a good tool for international trade.”

“The European Parliament is currently working on a report in this area, and the international trade organization is also involved in this process,” he added.

Also this week, BlockchainJournal reported that:

  • The Central Election Commission of the Russian Federation supported the introduction of blockchain technology into electoral processes;
  • Chinese state corporation will launch a tokenized reward system in the field of car sharing;
  • Sputnik DLT blockchain integrator combined well-known cases of using distributed registry technology in large companies into a unique structured navigator;
  • The Blockchain Charity Foundation (BCF), a charitable organization founded by Binance, has launched a blockchain-based portal for collecting charitable donations.

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