Germany-headquartered RWE has teamed up with Stephan Tual's Slock.it to explore how charging electric vehicles could be transformed.
Blockchain is taking over the financial world these days, or so it seems from all the daily announcements, but the technology has the potential to impact on so much more of our economy. The latest example of this comes from the European energy giant RWE which looks to make the blockchain an integral part of its core businesses.
Germany-headquartered RWE has teamed up with Slock.it to explore how charging electric vehicles could be transformed by optimising both human to machine and machine to machine (M2M) transactions.
The first project revealed is an autonomous electric charging station, integrating a smart contract that allows users to rent the station, put up a deposit, charge their car, then get their deposit back. The charging station handles user authentication, payment processing and loyalty point assignments as part of one single transaction - simplifying the billing process.
Other advantages of using blockchain are that it guarantees fraud proof accounting, as all the transactions have complete transparency which could help with many regulatory requirements on electric charging stations in the future, and that it simplifies adding new partners by using open APIs instead of impenetrable service oriented architectures.
Beyond all of that, the project aims to get rid of the need for a centralized server altogether. Stephan Tual, Slock.it's CCO (and the former CCO for the Ethereum project) explains: "RWE makes proper use of the public blockchain by leveraging a shared resource and paying only for what it uses. In effect, they are renting access to the world computer, Ethereum."
Further showing its commitment to supporting blockchain development, RWE is also co-sponsoring an innovation award for the German Tech Entrepreneurship Center. Totaling €50,000 in prizes, the competition is looking for the best blockchain solutions to solve every day problems. In addition, they offer the opportunity to relocate an entire winning team to Berlin (with free office space).
Blockchain is taking over the financial world these days, or so it seems from all the daily announcements, but the technology has the potential to impact on so much more of our economy. The latest example of this comes from the European energy giant RWE which looks to make the blockchain an integral part of its core businesses.
Germany-headquartered RWE has teamed up with Slock.it to explore how charging electric vehicles could be transformed by optimising both human to machine and machine to machine (M2M) transactions.
The first project revealed is an autonomous electric charging station, integrating a smart contract that allows users to rent the station, put up a deposit, charge their car, then get their deposit back. The charging station handles user authentication, payment processing and loyalty point assignments as part of one single transaction - simplifying the billing process.
Other advantages of using blockchain are that it guarantees fraud proof accounting, as all the transactions have complete transparency which could help with many regulatory requirements on electric charging stations in the future, and that it simplifies adding new partners by using open APIs instead of impenetrable service oriented architectures.
Beyond all of that, the project aims to get rid of the need for a centralized server altogether. Stephan Tual, Slock.it's CCO (and the former CCO for the Ethereum project) explains: "RWE makes proper use of the public blockchain by leveraging a shared resource and paying only for what it uses. In effect, they are renting access to the world computer, Ethereum."
Further showing its commitment to supporting blockchain development, RWE is also co-sponsoring an innovation award for the German Tech Entrepreneurship Center. Totaling €50,000 in prizes, the competition is looking for the best blockchain solutions to solve every day problems. In addition, they offer the opportunity to relocate an entire winning team to Berlin (with free office space).
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!