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A ledger is the principal book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type, with debits and credits in separate columns and a beginning monetary balance and ending monetary balance for each account.

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Power Ledger Successfully Demos P2P Energy Trading In Japan

Power Ledger has successfully trialed a blockchain-based peer-to-peer energy trading platform, in partnership with Japanese utility company KEPCO. The five-month trial was conducted in Osaka, one of the largest cities in Japan. Power Ledger managed the energy trading needs of the local grid, balancing between local producers of solar power and the consumers. The test proved that Power Ledger’s technology is capable of autonomously handling energy trades in complex and ever-changing networks, with settlements with cryptocurrency. The system can be deployed not only in detached houses but also condominiums and micro-grids.  The trial comes at an appropriate moment, as the upcoming slash of Feed In Tariff (FIT) benefits threatens to shock the Japanese solar power market. FIT is a subsidy program launched by the Japanese government in 2012, forcing energy companies to buy solar power at higher-than-market rates, currently set at ¥40/kWh ($38 cents).  The program resulted in a ¥10 trillion ($92.8B) burden passed down to the Japanese public since the tariff’s introduction. The government will now transition to a competitive pricing model for installations above 50-100 kW, many of which could be outpriced by the sudden revenue decrease. Power Ledger can step in this gap, allowing solar owners to retain their faster payback options and lessen the impact of the Japanese government’s policy change. The company claims that when applying the Power Ledger platform on a large scale, Japan’s energy users could save more than ¥2 trillion ($18.5B), based on 2019 data. The claim found some validation from KEPCO general manager Fumiaki Ishida, who noted: “Although there are still many challenges like amendments of relevant laws for commercialization, Power Ledger’s product presents significant opportunities for prosumers to sell their excessive energy at more advantageous prices and for consumers to buy it at more affordable prices.”  Power Ledger is an Australian energy technology company developing and implementing distributed energy markets. It uses blockchain technology to enable energy trading, renewable asset financing and more efficient carbon and renewable energy credit markets. Active since 2016, the company is currently operating in Australia, Thailand, Austria and the United States.   The post Power Ledger Successfully Demos P2P Energy Trading In Japan appeared first on Crypto Briefing.
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Power Ledger and KEPCO Bring P2P Energy Trading to Osaka, Japan

Osaka, JAPAN – August 2019: Power Ledger in partnership with Japanese utility, KEPCO, trialed a blockchain-enabled demonstration of P2P transaction for post-FIT surplus power in Osaka, proving the accuracy and consumer acceptance of Power Ledger’s leading-edge technology in Japan in addition to Australia. The trial proved P2P surplus power transaction to be completed autonomously and automatically including settlements with cryptocurrency regardless of fluctuations of PV generation and customer demands. It can be deployed not only in detached houses but condominiums and microgrids. KEPCO representative general manager Fumiaki Ishida said, “Although there are still many challenges like amendments of relevant laws for commercialization, Power Ledger’s product presents significant opportunities for prosumers to sell their excessive energy at more advantageous prices and for consumers to buy it at more affordable prices.” Power Ledger managing director David Martin said the successful outcome was built on Power Ledger’s previous work in Australia, Thailand and the United States. “The success of the KEPCO trial is an extension of successful projects Power Ledger has deployed in other markets leveraging the ongoing development of our technology as well as the experience of working with major energy players like KEPCO,” Mr Martin said. “Power Ledger looks forward to building on this success and continuing to work to support KEPCO’s innovative plans to maintain its leadership position in the energy transition,” he said. Power Ledger will continue the development of digital energy products designed to engage consumers to increase the penetration of distributed renewable generation capacity in Japan, while providing consumers greater choice over how their energy is produced and from where their energy is sourced.  About Power Ledger: Power Ledger is an Australian energy technology company at the leading edge of the development and integration of distributed energy markets.  Power Ledger uses blockchain technology to enable energy trading, renewable asset financing and more efficient carbon and renewable energy credit markets. Power Ledger was formed in May 2016 and is currently active in Australia, Thailand, the United States and India. About KEPCO: Founded in 1951, Kansai Electric Power Co. is a leading Japanese utility engaging in the provision of power supply, business and lifestyle solutions in its operational area of Kansai, Japan including the Kobe-Osaka-Kyoto megalopolis.   The post Power Ledger and KEPCO Bring P2P Energy Trading to Osaka, Japan appeared first on Live Bitcoin News.
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Binance Launches Testnet of Decentralized Exchange

The world’s largest cryptocurrency exchange, Binance announced the launch of Binance DEX testnet. Binance DEX is said to be secure and scalable – with a block interval of one second. User account registration is now open. Testnet went live on Wednesday morning, 20 February 2019

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Monolith partners with decentralized finance heavyweights to spend MKR, DGX and DGD anywhere that accepts Visa

Monolith is bringing crypto adoption to the mainstream with a debit card that lets you spend your coins and tokens anywhere in Europe that Visa is currently accepted. The news follows an announcement from UK-based Monolith that they have partnered with MakerDAO and Digix to offer their tokens on the platform. Creating gold for the digital age. pic.twitter.com/Y0FRa5kHiv — Digix (@DigixGlobal) July 1, 2019 The smartphone-based Monolith platform allows you to quickly and easily send and receive cryptocurrencies, including ETH, DAI, TKN, MKR, DGX, and DGD, convert them into fiat currency and pre-load them on to a Visa debit card that is attached to your Monolith account. Mel Gelderman, CEO of Monolith, said MakerDAO and Digix represent high-quality Ethereum decentralized finance projects and are the first in a long set of milestones on Monolith’s roadmap. He said: “We’re thrilled to have had a fantastic response from our beta users and are now ramping up for growth. Rebranding from Tokencard to Monolith has helped us achieve our mission of democratizing finance and bringing the token economy to everyone while providing a unique service to our customers.” Gelderman added: “MakerDAO and Digix are some of the most well-recognized and earliest Ethereum-based projects. For TKN holders, these partnerships mean that MKR, DAI, DGD and DGX are now eligible for use in Monolith. We’re thrilled to offer them on the platform, and see this as the start of bringing many more quality tokens into the Monolith ecosystem. Watch this space.” Self-sovereign banking Monolith means anyone can finally achieve the cypherpunk ideal, of ‘becoming their own bank’, and can effectively live their lives on Ethereum away from big banks and corporations. Once loaded up the Visa debit card can be used at millions of locations across Europe that accept Visa, opening up a world of opportunity for people who want to make a permanent switch to living on cryptocurrencies. You can then spend your cryptocurrencies anywhere Visa is accepted, whether it’s buying drinks, cinema tickets, or anything else you can think of. Tea, Tokens and the Moon landing. Paid for in $ETH with @tokencard_io Best weekend. pic.twitter.com/xeW8obrbzi — Mel 'Monolith' Gelderman (@MelGelderman) August 3, 2019 The service is decentralized and completely non-custodial, with each account holder creating a private seed phrase for their account and having complete control of their finances, allowing them to operate as their own self-sovereign bank. Backing They have the backing of some well-respected figures across the crypto space too, including Rune Christensen, CEO, and founder of MakerDAO. He said: “Monolith’s solution provides a powerful way for token holders to extend the usefulness of their crypto-holdings. Their cards create a critical bridge from the world of DeFi to the more traditional world of retail.” The post Monolith partners with decentralized finance heavyweights to spend MKR, DGX and DGD anywhere that accepts Visa appeared first on CryptoSlate.
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Bakkt Cleared Launch | Bitcoin Bullish News!

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Why is Bakkt Important For Mainstream Adoption of Bitcoin (BTC)?

After a year of repeated postponements, we are finally going to have physically-delivered Bitcoin futures. September 23rd is the day when Bakkt is launching its physically-delivered Bitcoin futures contracts after receiving the green light from the CFTC. “Transparency and trust to digital assets,” is what Bakkt vows to bring to the cryptocurrency industry which is […]
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