Austria's Largest Energy Provider Develops Blockchain Fridge With Bosch

Austria's largest energy provider, Wien Energie, has developed a blockchain-driven fridge in partnership with tech giant Bosch, Cointelegraph's correspondent reported from the ANON Blockchain Summit Austria.

Wien Energie presented the new model during the crypto conference in Vienna on April 3.

The main goal behind the project is to increase consumer interest in the sustainable consumption of energy.

A blockchain solution in this case allows one to choose the source of the energy, be that a solar panel or a wind power plant.

A user is able to control the temperature of the fridge and freezer, check whether the door is properly closed, and trace the energy consumption and CO2 emissions.

Wien Energie and Bosch will first test the blockchain fridge with three pilot customers in the coming months.

Wien Energie CEO Peter Gönitzer considers blockchain a great opportunity to reduce the unnecessary waste of energy, the release notes.

According to him, the decentralized ecosystem could contribute to creating a transparent and user-friendly energy market.

The Austrian company also plans to trial blockchain implementation in the energy sector on a larger scale.

The project, above all, is set to find out which smart energy tariffs will function in the area.