Vodafone is using blockchain now

Vodafone is approaching the blockchain

Vodafone Business announced a contract with the blockchain network Energy Web to integrate Distributed Energy Resources (DERs) with power grids using IoT and blockchain technology. Vodafone is one of the world’s largest telecommunications companies with 625 million customers in 2019, especially in Europe and Africa. Energy Web announced the partnership on May 26th and announced that the project will combine SIM-centric DLT with the IoT connectivity provided by Vodafone Business to “create secure IDs for power plants”.“We see the convergence of several sectors in the implementation of energy change, the energy sector of course, but also the automotive industry, telecommunications and even the financial sector. In our view, the energy sector can only develop so quickly and so far without considering IoT connectivity, ”said Walter Kok, CEO of Energy Web. “Combining EW’s expertise in energy and decentralization with managing Vodafone Business in IoT creates a really strong combination.”

 

For regenerative energy

To generate renewable energy, energy systems such as solar cells, wind turbines and batteries have to communicate with the grid and therefore need a secure identity. The partnership therefore plans to use SIM-centered blockchain technology (SCB) with IoT connectivity from Vodafone Business.Vodafone Business has more than 100 million IoT connections worldwide and has also completed an IoT cross-selling business with China Mobile.”As the number of decentralized, low-carbon new generation devices grows, so does the need to securely connect them regardless of their location,” said Erik Brenneis, director of Vodafone Business IoT. “This connection must be simple and secure and ensure that the systems can be easily connected to and managed by energy and communication networks around the world.”