On March nine, blockchain engineering science provider Unibright (UBT) announced a partnership with High german startup Wasserkraft Mittelrhein to employ the Unibright Framework to facilitate decentralized renewable energy trading.

The partnership will see the firm bring together Wasserkraft Mittelrhein to facilitate trading, monitoring and data assay of renewable energy produced by decentralized power plants using the Unibright Framework.

Unibright proposes a "smart grid" system, where disparate pocket-sized electricity producers appoint direct with free energy consumers via blockchain applied science.

Unibright to provide blockchain technology for "Project Power-Beacon"

Wasserkraft Mittelrhein is an innovative power coming aiming to generate renewable energy using hydroelectric buoys. The "strombojen", or "power-buoys," are reported to weigh more than than seven tons and are over 36 feet long. The buoys generate plenty electricity from a river'due south current to power 100 households each year.

Unibright will provide blockchain technology to Wasserkraft Mittelrhein for the electric current phase of its 'Project Stromboje' — which will see the installation of 16 power-buoys to generate approximately vi.4 million kilowatt-hours of electricity annually.

Wasserkraft claims that it will exist able to power 1,000 households whilst saving 6,000 tons in greenhouse gasses that would have through coal-powered power plants each year.

The Unibright framework volition be used for smart contract generation and integration. The Unibright team stated:

"Currently, the first pilot buoy has been installed in river Rhine, mainly to collect data on the river's electric current and to provide information for external auditors in terms of environmental sustainability and stability of the construct. All innovative ideas, milestones, and roadmaps have to exist adjusted according to the regulator and external funding, and the goal is to have 16 buoys installed, producing free energy and using Unibright engineering science by the beginning of 2022."

Germany to phase out nuclear and coal energy generation

Unibright's entrance into Frg'south renewable free energy sector is timely, as the German authorities launched a long-term program to phase-out coal-fired energy product in the land in January.

With nuclear energy as well set to be phased out within the next ii years, Germany'due south free energy sector will probable see a proliferation of renewable electricity producers.

Unibright appear as Enterprise Ethereum Alliance member

At the finish of January, Unibright announced its membership in the Enterprise Ethereum Brotherhood (EEA)'s Ethereum Mainnet Integration for Enterprises (EMINENT) task force, where it will leverage its experience in providing blockchain integration services to businesses.