Categories: Ethereum

Notable Enterprises Bosch and EDF Turn to Blockchain in Electricity Arena

Click here to view original web page at

This week, major companies like EDF and Bosch respectively signaled commitments to explore the use of blockchain — specifically Ethereum (ETH) for the former and also presumably for the latter — in the electricity arena.

The latest of those commitments came from Bosch on Wednesday, when the engineering and tech enterprise — which generated €78.5 billion in revenues in 2018 — announced it had partnered with German electrical utilities company EnBW to build a blockchain-based e-car recharging station prototype.

Notably, the prototype seems likely to built atop Ethereum, as Bosch has published on its in-house blockchain tech explainer site that the company’s been experimenting with Ethereum for “projects such as self-charging and self-paying cars at charging points.”

Per the deal with EnBW, the two partners are looking to leverage blockchain to underpin an automated smart-recharging process. As Bosch explained in their announcement release, the initiative is about optimizing the consumer experience:

“For example, the operator could combine the software developed by Bosch for cars with a smart charging-station manager to offer customers transparent pricing models, with the options varying in real time according to the availability of charging stations and green electricity sourced from renewables. The entire transaction — reservation and payment — is a fully automated blockchain operation.”

Alongside its EnBW partnership, Bosch also announced an unrelated deal with German multinational conglomerate Siemens that would see the two collaborators working on a “smart parking-management system based on blockchain.”

France’s Electricity Powerhouse EDF Makes Its Own Ethereum Foray

State-backed Électricité de France (EDF) is among the largest electric utility companies in the world. And now the electricity producer is officially doing its homework on Ethereum.

That’s per the revelation this week that EDF has uploaded its highly technical GPUSPH visual simulator software, which helps to test the flow of fluids, onto the Ethereum-based decentralized computing app iExec.

On the news, iExec adoption and innovation lead Jean-Charles Cabelguen commented that a decentralized app like iExec could reliably house GPUSPH in a way that wouldn’t be burdensome to Ethereum:

“The heavy computing is done off chain and does not overwhelm Ethereum. Afterward, blockchain is used to reach a consensus on the validity of computation’s results — a hash of this result is stored on the blockchain.”

Whether the project will prove fruitful enough that the enterprise sustains its experiments with Ethereum remains to be seen, but in the very least, the EDF’s leadership is open-minded.

“Development of distributed computing is a credible scenario for the future, and blockchain may be a nice lever in this scenario, so let’s explore it,” the company’s blockchain engineer Gilles Deleuze said.

Beyond Energy, No Shortage of Bustle Around Ethereum Lately

In recent weeks, the Ethereum community has seen a steady stream of notable headlines materialize around the blockchain’s ecosystem.

For example, the amount of outstanding Ethereum-backed decentralized finance loans just crossed the $100 million USD mark for the first time. Also, the project’s grassroots development group MolochDAO just got rather massive donations from Ethereum co-creators Vitalik Buterin and Joseph Lubin.

On the technical front, a new ETH 2.0 testnet has just been released by Prysmatic Labs, and the specifications for Ethereum’s proof-of-stake code is set to be finalized next month. Funding was also recently secured to pay for an audit of Ethereum’s possible shift to ProgPoW, a consensus algorithm designed to be resistant to powerful ASIC miners.

Concerning adoption, a high-profile development from last month came as major French bank Societe Generale declared it was releasing a tokenized bond offering atop the Ethereum network. The tokens created collectively amounted to €100 million.

Taken altogether, it’s clear Ethereum is steadily maturing, and its journey as public infrastructure may just be beginning accordingly.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

It’s Expiry Friday, Will Bitcoin’s Price Fall Once More?

In precisely five days, the September fiat settled bitcoin futures contract at CME expires.Yes, another month is nearly over, so… Read More

6 hours ago

‘Big Four’ Auditor Deloitte to Let Employees Buy Lunch with Bitcoin (BTC)

The “Big Four” auditing firm, Deloitte’s Luxembourg unit is working on letting its employees pay for lunch using cryptocurrency, especially… Read More

6 hours ago

Patrick Byrne Sells Overstock Shares for Crypto and Precious Metals

Patrick Byrne , the former chief executive of who sent shockwaves through the blockchain community not too long ago… Read More

6 hours ago

Canada’s Bit Farms Buys More Than 2,000 Mining Machines

Bit Farms, a cryptocurrency mining company stationed in Canada , has bought more than 2,000 new A10 Avalon mining machines… Read More

6 hours ago

Key Economic Indicators Due This Week a Gauge of Consumer Strength

In addition to economic data, the stock market anticipates comments from dovish St. Louis Fed President James Bullard this week.… Read More

6 hours ago

Digital assurance: The “Killer app of Blockchain” according to VeChain

Digital assurance: The "Killer app of Blockchain" according to VeChain According to Sunny Lu, the co-founder, and CEO of VeChain,… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More