Energy

US Energy Department Eyes Blockchain to Prevent Power Plant Cyberattacks

| Yogita Khatri

A U.S. Department of Energy lab is exploring blockchain technology as a line of defense against cyberattacks on power plants.

Russian Gas Giant Gazprom to Execute Business Contracts on a Blockchain

| Yogita Khatri

Russian state-owned gas giant Gazprom may soon begin using blockchain to execute and monitor contracts as part of its digitization plans.

fujitsu

Fujitsu Claims 40% Efficiency Boost for Blockchain Electricity Exchange

| Yogita Khatri

Japanese IT giant Fujitsu has developed a blockchain-based exchange system that it says produces a more stable energy supply at peak periods.

US Department of Energy to Fund Blockchain Research Projects

| Yogita Khatri

The U.S. Department of Energy is offering funding of up to $4.8 million for fossil energy research, including blockchain applications.

Shell, BP Back Blockchain Platform to Modernize Commodities Trading

| Yogita Khatri

Oil giants Shell and BP are among a group of firms planning to launch a blockchain platform to automate post-trade processes in the energy industry.

Singapore Power Unveils Blockchain Market for Renewable Energy Trading

| Yogita Khatri

Singapore's energy utilities provider has launched a blockchain-powered marketplace for trading renewable energy certificates.

Energy Firm Discloses Major Crypto Losses Amid Blockchain Rebrand

| Wolfie Zhao

A publicly owned firm chaired by a Chinese billionaire lost millions through crypto investments, yet it's still seeking to rebrand around the tech.

US Senate to Examine Energy Efficiency of Blockchain

| Nikhilesh De

The U.S. Senate will host a hearing on blockchain's energy use and whether the tech can be used to protect infrastructure next week.

Researchers Build Blockchain Electricity Exchange They Say Cuts Waste

| Wolfie Zhao

A team from one of the top universities in China has developed a decentralized exchange, not for crypto assets, but for unused electricity.

South Korean Telecoms Giant KT Has Built Its Own Blockchain

| Wolfie Zhao

The second largest mobile carrier in South Korea has launched its own blockchain network and aims to apply the tech across several sectors.