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PG&E, California's Largest Public Utility, Joins Blockchain Education Group

PG&E, OKCoin, ShapeShift, CoinGecko, Band Protocol. One of these MouseBelt enlistees is not like the others.

May 4, 2021 at 7:36 p.m. UTC
Updated Sep 14, 2021 at 12:50 p.m. UTC

Among the six new companies added to the MouseBelt blockchain accelerator last week, one stands out from the standard fare of crypto exchanges and startups: California power provider PG&E.

The San Francisco-based utility company – which, by most measures, is the largest in the U.S. – said it is researching use cases for blockchain technology and looking for “collaboration opportunities” through the MouseBelt Blockchain Education Alliance.

“It is a good way to interact with other companies to see what they are doing and observe research around blockchain and to build relations,” Eban Hamdani, a senior product manager at PG&E, said in an interview.

PG&E is hoping to tap the accelerator network for talent specializing in blockchain technology, he added.

“We’ve explored two use cases,” Hamdani said, adding that PG&E has no immediate plans for a blockchain rollout.

The MouseBelt initiative, which was launched in October 2019, tries to link corporate blockchain projects with researchers, students and new protocols. 

Mastercard, Stellar, ING Bank, Rolls-Royce and the incubator arms of Binance and Ripple are among the companies that also belong to the association. In addition to PG&E, CoinGecko, OKCoin, ShapeShift, Band Protocol and Switzerland’s Crypto Valley Association are the latest to join.

Adam Leon, MouseBelt's vice president of partnerships, said it’s no surprise that even utility companies such as PG&E are interested in supporting blockchain education. 

“Through programs like ours, they can source highly skilled talent, identify opportunities for innovative research and support cutting-edge projects that will ultimately provide advanced solutions to their major internal pain points" Leon said. 

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