Tag: Siemens

Siemens to Partner Up With Blockchain Startup LO3 On Next-Gen Microgrids

Siemens, the massive technology conglomerate, has announced a partnership with Blockchain Startup LO3 to focus on Microgrids. The goal of the collaboration is to jointly develop microgrids that enable local energy trading based on blockchain technology. LO3 Energy is a New York-based startup that develops distributed energy solutions. The innovative project is built using the Ethereum blockchain and technology stack (including smart contracts) to allow fast, secure, unalterable execution of transactions. Under …
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