Walmart, the US retail giant has successfully been given a patent to develop an electrical grid, which will be fueled by Bitcoin [BTC] or any other cryptocurrency. This was reported as per the patent application which was published on June 14 by the U.S. Patent and Trademark Office (USPTO).
As per the patent, both large organisations and households can utilize a blockchain based network of devices that consume energy. Along with this, they can relegate every device a particular amount of BTC or other accepted cryptocurrencies, which can be utilized to buy energy from a utility vendor. Furthermore, the document explains:
“Each unit cryptocurrency may represent a unit or a portion of a unit of energy. For example, if 1 cryptocurrency unit is set to be equivalent to 1 kWh, the provider interface module 131 may receive a capped total amount of cryptocurrency of 800 for a month to spend on purchasing 800 kWh of electricity.”
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