Virtual Powerline technology is due to disrupt the poles and wires business. Image Credit: BiTchain
The cornerstone of the new South Australian Liberal government’s energy policy, a new $740 million electricity interconnector with NSW, may be rendered obsolete before construction has even begun thanks to a new blockchain based ‘virtual powerline’ being built between the two states. The technology was developed by the US company BiTchain and has already avoided the building of billions of dollars worth of transmission capacity between the United States and Canada. [Read more…]
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