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Ann: IOT to connect pre-Grid power to Blockchain Centre, page-5

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  1. 123 Posts.
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    Can anyone explain how blockchain applied to power grid electricity.

    This is snippet from the ann:
    While banks and financial institutions were initially hesitant to explore these technologies, they have now started looking into how the Blockchain might provide generous cost savings by allowing back-office settlement systems to process trades, transfers and other transactions much faster.

    So blockchain will be used for payment stuff, but I still don't get it how it works and what real benefit it will bring
 
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