Wien Energy has started new blockchain technology tests

The largest energy group in Austria will soon issue more services on the market
08 February 2018   632

As Astrid Schober, Wien Energy's chief innovation officer, stated, the company tests new services on basis of blockchain technologies in Vienna's Viertel Zwei. Wien Energy intends to step up business case and enter the market when necessary experience will be gained.

New business model is aimed at connecting electric car stations using blockchain technology. Moreover, amenities land registry and power supply also would be included in forthcoming project.

Blockchain technology was introduced in Wien Energy earlier, but only for commercial transactions. According to Astrid Schober, the company would not stop on this success, but it will be searching for other business models as hard as possible. Wien Energy does not want to be left behind in the technology progress.

Wien Energy is an integral part of Eurochain, a consortium of European utility providers. Participants of a consortium are active in learning new potential models for providing their services. It means that the energy industry is interested in the implementation of blockchain technologies.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   108

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.