Japan will use blockchain in energy management

1000 households from the cities of Fukushima, Aizuwakamatsu and other prefectural settlements will take part in blockchain based energy experiement
04 September 2017   743

Tokyo energy company Eneres, with the support of the authorities of the Fukushima prefecture, is testing the capabilities of the distributed registry technology for its application in renewable energy, and in particular, for building "smart micro networks" on the blockchain. This is reported by the Nikkei Asian Review.

The purpose of the experiment is to study the possibility of building a shared energy economy. According to the plan of the developers, thanks to the technology of the blockchain house households with installed solar panels and other sources of renewable energy will be able to share the surplus of energy with other members of the network, while receiving a certain reward.

The experiment will involve 1000 households from the cities of Fukushima, Aizuwakamatsu and other prefectural settlements. The results of testing the new solution will be presented in January next year.

Also, the developer of the Aizu Laboratory software will participate in the experiment. In particular, the startup will provide a solution that allows people to record transactions in the power network.

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   78

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.