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To address the limitation of public infrastructure, blockchain can be used to enable consumers to make their chargers available for public use, enabling users to either rent charging time or receive payments. It can also help to track the energy from generation to electric vehicle.
Contrary to the traditional grid, where one change affects all stakeholders, a microgrid is an autonomous entity, that can operate within the grid, disconnect from it or operate on its own. That way it can serve as a backup energy source, with blockchain managing its peer-to-peer transactions among community.
Using blockchain, end-users can manage the access to their personal information. By providing means for simple, secure and frictionless authentication process blockchain and identity management are a perfect fit, offering carries the opportunity to overhaul legacy systems to be more cost-effective and user-friendly.
The modularity of smart contracts which can execute different business logic allows the blockchain technology to easily streamline several processes, including operations and business support, billing and databases, whilst still making sure the data is untampered with and accessible to all authorized stakeholders in real-time.
In a connected world, smart devices can perform and execute orders in a number of IoT applications, including those for smart homes, smart cities, connected vehicles and more. This is why mobile operators today are fast turning into IoT service providers. In this case, blockchain could serve as an additional layer of security in peer-to-peer data exchange, ensuring the data transactions are fast and protected.
AceBlock gives you the necessary tools to easily transit your business operations into a secure blockchain infrastructure. Explore the business value and the possibilities the AceBlock blockchain framework offers.
By separating its features into modules, AceBlock allows you to choose the stack that best reflects your company needs. Speed up your time to market and improve your business outcomes with real-world blockchain applications.