[2016-09-13] Mint: Bitcoin technology harnessed to push electricity revolution

[polynesia]

Bitcoin technology harnessed to push electricity revolution

http://www.livemint.com/Money/3gfiZtpnAeMJCvYglJKgrL/Bitcoin-technology-harnessed-to-push-electricity-revolution.html

Bitcoin technology is starting to seep into the electricity business, shaking up the way payments are managed every time a light switch is flipped.

From New York to Vienna, researchers and utilities are adapting the cloud-based ledger system used to track bitcoins as a replacement for slower administrative systems that require constant human input and multiple spreadsheets. Once set up, the database, called blockchain, automatically records individual actions within a system, formats them, and stores the results in a secure online listing available to anyone anywhere with access