News

A Town In Switzerland Uses Blockchain To Trade Solar Energy Between Neighbors

The Swiss city of St. Gallen is now using blockchain technology to trade excess solar energy between residents, marking yet another technological push forward in the space by the nation.

Switzerland is quite encouraging of blockchain technology and cryptocurrency businesses. The Swiss equivalent of Amazon, Galaxus, allows user to pay for their purchases with Bitcoin, Ethereum, XRP, Binance Coin, and other tokens. The Swiss stock exchange, SIX, has also launched an exchange-traded product to track the XRP token.

The Swiss municipality of Zug is often called “crypto valley “ because the city is home to several startups and entrepreneurs in the blockchain and cryptocurrency space.

The idea of using blockchain technology in distributing energy is not new, with several projects in the space working on creating such systems.

Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

Share
Published by
Abhimanyu Krishnan

Recent Posts

Is A Silicon City Tech Giant Behind BlockDAG Network As Its $11.4M Presale Outcasts Floki Inu Price Surge Amid BOME Fluctuation

With Floki Inu's next bull run approaching, investors are closely monitoring its innovative token burn…

1 month ago

BlockDAG Becomes Top Crypto Investment Choice with $9.9M Presale, Beating Fantom & Apecoin

BlockDAG (BDAG) has continued to stand out with its innovative presale strategy, offering early investors…

1 month ago

Render and Dogecoin Price Predictions Defy Expectations As BlockDAG Emerges as the Highest ROI Crypto for 2024

As we venture into 2024, the crypto market is brimming with potential for unprecedented growth.…

1 month ago

Solana’s 20% Trading Spike Sparks BlockDAG Presale Interest While Memeinator Presale Reaches Edge

This analysis contrasts the flourishing momentum of BlockDAG coin's presale against the backdrop of the…

1 month ago

CryptoGames Review: Bitcoin and Altcoin Casino

Ever wondered what it is like to experience the extravagant casino vibes in the comfort…

2 years ago