Bosch Creates Refrigerator Working On Smart Contracts
The German company Bosch, one of the world's leading manufacturers of equipment, presented the first refrigerator operating on blockchain technology. This was reported in a press release of the energy company Wien Energie, which became a partner of Bosch.
The innovative refrigerator allows monitoring the consumption of electricity. It is possible to control the temperature inside the boxes and the freezer via a specific app for a smartphone or tablet, limiting the amount of energy used. Besides, the application will notify the owners if the door of the refrigerator remains open and give information about the CO2 emissions.
However, the main feature of this invention is that its owners will become active participants in the energy market, choosing electricity suppliers independently. They can be urban wind farms, solar panels from the roofs of neighboring houses, etc.
Smart contracts will store information about each kilowatt-hour of energy consumed, allowing to track its source. Thus, Bosch plans to make the electricity market more transparent. Besides, Peter Gönitzer, Wien Energie head, is confident that blockchain infrastructure will implement new business models in the energy sector, and it can also be used for powering electric vehicles in the future.
The device is now at the ANON Blockchain exhibition in the capital of Austria. It is noted that the companies will test the blockchain-based refrigerator with 100 selected customers in the near future.
Earlier, Waves introduced a tool to create blockchain oracles.