Bosch and Wien Energie Demo Blockchain-Powered Refrigerator

The device demonstrates how households will in the near future be able to control their power usage in a “safe and transparent manner,” Wien Energie said in a press release. The fridge can be controlled via a smart device app that enables the user to set the temperature of the fridge and freezer compartment, thereby directly controlling power consumption. The app also provides feedback on the device, such as sending an alert if the door is left open, as well as giving a view into power consumption over time and carbon dioxide footprint. More interestingly, perhaps, the utility firm said the device will ultimately allow the user to become “active participants” in the energy market, using smart contracts to enable switching between different sources of electricity and providing a “transparent” and secure view of the energy used from production to consumption. The two firms plan to trial the device with several customers “in the coming months,” and aim to soon roll it out a wider scale trial using an urban blockchain infrastructure developed byWien Energie and blockchain firm Riddle & Code. For that trial, roughly 100 residents will help examine the effectiveness of being able to select electricity tariffs using blockchain tech and smart meters. Peter Gönitzer, CEO of Wien Energie, said:

“The blockchain infrastructure should enable new business models in the energy market.