Blockchain to Cut Electricity Costs, Emissions By Cryptovest

Blockchain to Cut Electricity Costs, Emissions

Heating technology firm Saiterm is introducing a blockchain-powered platform to reduce electricity bills using its infrared heating technology. The Amsterdam-based company said its ultimate goal is to cut domestic energy consumption and carbon emissions using distributed ledger technology.

In a statement sent to Cryptovest, Saiterm founder and CEO Salvatore Morale said they would utilize the company’s SAIEX Coin which was built on the Blockchain to finance the development of the heating device called “Spring,” which it claims is effective in cutting energy consumption domestically and in industrial use.

Morale added:

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*