• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO

Blockchain-Powered Smart Plug Could Save Electric Costs

Jamie Redman
by Jamie Redman
9 years ago
·
Posted in Bitcoin Breaking News Brief, Breaking Bitcoin News, Breaking News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Accenture has been going big on blockchain technology. In a report from the publication BBC News, the leading global consulting agency believes the protocol could help people cut electricity costs with a smart plug. With the consulting firm headstrong about this emerging tech the company continues to bolster its use cases. 

Also read: Jamie Dimon: Bitcoin Doomed While Blockchain Is for Real

This Blockchain-Powered Smart Plug Could Help People Save Money

accenture-logo-29515The multinational management consulting services company Accenture PLC has researched and developed a smart plug prototype. The plug helps users save money on their electric bill by using smart contract technology to find cheaper tariffs. The head of Accenture’s French research lab, Emmanuel Viale, who worked on the plug, believes the product could help the economy and especially those with a low income. Viale told the BBC:  

“It’s about how we put more business behaviour or logic into the blockchain — A blockchain-based system that can act on behalf of its owner might also prove useful as the Internet of Things becomes more ubiquitous,” — Emmanuel Viale, Accenture

Smart Plug
Accenture Labs Proof-of-Concept Smart Plug

Viale says the plug modifies the basics of distributed ledger technology and makes the system more active. The plug is supposed to be able to work with many household items and gadgets by monitoring power consumption. The process searches for high and low energy prices and uses the modified blockchain to find a cheaper supplier on behalf of the owners. The product is very much an Internet of Things (IoT) device that Accenture’s French technology lab believes can change our economic landscape.

Currently, Mr. Viale says the work on the project is merely a proof-of-concept at the moment but in the future could help those struggling to keep up with meter charges. Accenture research suggests by swiftly changing suppliers users in the U.K. alone could save £660 million annually. A permissioned blockchain could help device management Viale explains saying, “managing many different gadgets might be tricky without a more centralised system.” A mobile services analyst firm CCS Insight’s, Martin Garner, told the BBC, he sees blockchains popping up left and right within the industry. Many people are very interested in IoT technology to help make their lives a little easier. Garner states:  

“They avoid dependence on any one supplier or ecosystem – some users have concerns about the potential dominance of key internet players creating, for example, the Google-of-Things or the Amazon-of-Things. The second attraction is as a way of enabling autonomous trading between things, such as the appliances in your house being set up to re-order supplies from a pre-approved list of suppliers,”—  Martin Garner, CCS Insight’s

BTCsAccenture has been continuously bolstering distributed ledger technology. Just recently the firm announced a partnership with Blythe Master’s Digital Asset to form a blockchain consulting practice. The agency has been researching the emerging protocol for quite some time now releasing studies and reports on the subject. Accenture and many others believe these newly discovered technologies will be worth billions of dollars over the next decade. The smart plug is just one of the projects the company feels pretty positive about, and the entity will surely release more innovative concepts and research in this industry.

What do you think about the smart plug? Let us know in the comments below.


Images courtesy of Crypto-graphics.com, BBC, and Pixbay

 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jamie Redman

Jamie Redman

Follow

Jamie Redman is a crypto writer and a dragon on Tuesdays. Follow me on twitter @jamiecrypto

Full Profile

Related Posts

Cena Bitcoinu prekonala 1200 tisíc $

Bitcoin prekonal 122 000 $. Dosiahne už tento týždeň nové historické maximum?

3 weeks ago
DCA Bitcoin BTC

Bitcoin sa drží nad 114 000 $. Oplatí sa stratégia DCA pri súčasnej cene Bitcoinu?

4 weeks ago
Goldman Sachs Partners With BNY Mellon To Bring $7 Trillion Money Market To Crypto

Goldman Sachs Partners With BNY Mellon To Bring $7 Trillion Money Market To Crypto

1 month ago
cena bitcoinu nove historicke maximum ATH 123 tisíc dolárov

Cena Bitcoinu dnes vyskočila nad 123 000 $. Začína „krypto týždeň“

1 month ago
Bitcoin price

Bitcoin Long-Term Holders Complete Largest Market Sell-Off Since 2021, Is The Top Here?

8 months ago
Bitcoin

Bitcoin Miners Offload $14 Billion BTC – Price Crash To Follow?

8 months ago
Please login to join discussion

Premium Sponsors

Press Releases

  • XRP is expected to break through $7. APT Miner helps...

    7 hours ago
  • miner

    Expectations of a Federal Reserve rate cut and demand for...

    11 hours ago
  • miner

    BlackRock suspends XRP listing, price faces resistance...

    11 hours ago
  • miner

    The September Curse Returns: How Crypto Investors Can...

    11 hours ago
  • Ethereum Price USD: The Latest Innovations of Crypto’s...

    12 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.