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Energy sector companies gather in Vienna to discuss blockchain application in the Energy Sector

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Energy sector companies gather in Vienna to discuss blockchain application in the Energy Sector
Source: Blockchain and Smart Contract

More than 50 professionals from energy companies are gathering in Vienna from April 10th to 11th for Blockchain and Smart Contracts: Transforming Energy Industry Forum to discuss blockchain application and ongoing digital transformation in the energy sector.

Blockchain has the potential to bring significant benefits and innovation and promise transparent, tamper-proof and secure systems that can enable novel business solutions, especially when combined with smart contracts. The blockchain is expected to lead to much more direct relationships between energy producers and consumers and to strengthen market participation opportunities for small energy providers and prosumers.

During the Forum the participants will understand the fundamentals of Blockchain technology; learn about current development, opportunities and challenges of Blockchain adoption in the energy industry; discuss the role of Blockchain in reducing carbon emissions; get the insights on current innovation trends and new business models; and discuss the role of Blockchain for local energy communities.

Some of 15 real-use case studies which will be presented include:

Lessons learned implementing the Blockchain – by IBM Global Business Services

Current Blockchain projects from PwC – by PwC Deutschland

Digital Class Assets and Multi-signature Counterparties on Blockchain – by NEM Africa

Decentralized Trading of Power. NEW 4.0 – by Ponton GmbH

What is still missing in the Blockchain ecosystem – by Enexis Groep

Blockchain in Practice to Enable Green Local Energy Communities – by Enervalis

Curtailment vs. Renewable Energy Certificates – by Sonnen GmbH

Regulatory obstructions and other challenges regarding Blockchain – by E-Control

The Forum is organized by BIS Group (Business Intelligence Services), an event production and management company based in Europe, specializing in organizing small-scale business meetings and forums. BIS Group supports and empowers progressive and forward-thinking companies with the best practices for today’s fast-changing market.

Save the date and join us on April 10-11 in Vienna!

Forum website

Venue: Das Reinisch Hotel – Vienna, Austria

Agenda | Registration

Contact person: Lina Kozina, Project Lead – Marketing



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Press Release

Are Blockchain Casinos on the rise?

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Are Blockchain Casinos on the rise?
Source: Pixabay

Over the years, the online casino industry has gone through many changes with new technology allowing for better payment methods and software on the sites. One of the newer additions to online casino sites is blockchain and sites that use this.

Here, we are going to discuss whether we think that blockchain casinos are on the rise or not. Keep reading if you’d like to find out more about these casino sites.

What Is A Blockchain Casino?

Blockchain technology is essentially a system that allows digital information not to be copied when it is being distributed. This technology originally started out as a method for Bitcoin which is a cryptocurrency and now is present in many online casinos. Blockchain was first invented in 1992 and since then it has come a long way.

A blockchain casino is a safe and secure casino that uses this special technology to pass the information on. There are many new casino sites that are already using blockchain technology but is the number of these still rising?

Why A Blockchain Casino?

You might be wondering about the advantages of blockchain casinos and why many casino operators are making the switch to this technology. The main reason for this is that there are many advantages to using this technology. Firstly, there is more transparency and trust and there is also a reduced risk of fraud.

This is something which is very important to many players at online casinos as they want to make sure that they are not passing their details onto a company that is going to sell it on.

When a casino uses blockchain technology, they can also allow players to make payments with cryptocurrencies like Bitcoin which are becoming even more popular in recent years. Of course, there are many other advantages of using a blockchain casino both for the player and the operator. For this reason, we have seen a rise in the number of blockchain casinos online right now.

Issues With Blockchain

There are some minor issues with blockchain casinos that operators are working hard to resolve as soon as possible. The fact that it is new means that there are some general infrastructure issues and the transactions can go through a lot slower than some players would like. Of course, these issues are set to be resolved sooner rather than later.

The Rise Of Blockchain Casinos

From the research done by companies interested in blockchain casinos, it is clear that these casinos are on the rise. In the first quarter of 2019 alone, there was $1 billion of TRON cryptocurrency gambled online. This is a lot of cash and it shows that players are not afraid to try out this new type of casino when it comes to spending their own cash.

Research also suggests that this income came from over 432,000 users which are a lot more people than it would have been in the past when this technology was first invented.

Of course, it is also important to note that the online casino industry is growing at the same time as the popularity of blockchain casinos. It is expected that the online casino industry will earn more than $50 billion this year which is a lot of cash.

With more people playing online in general and the technology improving so much – it is expected that blockchain casinos will become even more popular as time goes on.

Final Verdict

It is clear that blockchain casinos have been on the rise for a while now and they don’t plan on stopping any time soon. As the technology gets more advanced and players can be sure that their details are going to be kept safe, these casinos are set to become even more popular.

On top of this, online casino regulators can rely on technology when it comes to ensuring casino operators are sticking to the regulations. Look out for the rise of blockchain casinos as time goes on and more casino operators start to make the switch to this technology.

We expect more payments being allowed in Bitcoin form as well as the other cryptocurrencies that are gaining a bit of momentum right now.

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