The electricity-retailer company, Electrify, is offering to reduce electricity bills by 25% with the help of blockchain technology. CEO of the company, Julius Tan, is confident that the de-centralized nature of blockchain will also be useful in the electricity market. In 2017, Electrify helped about fifty companies in Singapore reduce their electricity costs by $1.1 million. Prior to Julius Tan creating Electrify Singapore did not have a single platform that allowed tracking proposed electricity prices from different companies. So far, the service only works for businesses and allows them to choose the right supplier for their specific needs and opportunities. The service also has its own artificial intelligence which can help in drawing up a plan for the year.
Australian ministries will switch to blockchain with the help of IBM. The main goal of the project is to protect the data of Australians and federal agencies from cyberattacks. Security costs will decrease by $74 million due to the transition to blockchain. The Australian Government, the Ministry of Defense, Home Affairs, and other federal institutions will be transferred to the blockchain. The contract with IBM was signed for only 5 years. The head of IBM Research, Arvind Krishna, explained that such a short period is due to the active development of quantum computers that will be able to crack any existing security systems. In recent years, Australia has suffered from cyberattacks not only through the use of resources such as Facebook and Ticketmaster, but also from attacks on the national science agency.
Last year, Project Loon helped residents of Puerto Rico cope with the consequences of a hurricane and provided them with internet access by using balloons. Now Project Loon could help residents of remote regions of Kenya. Project Loon operates at high altitudes which does not interfere with either aircraft, electricity, or wildlife. The Government of Kenya is negotiating with the company to place such balloons over rural communities in the country where it is impossible to connect to the internet using cables or where it is impossible to provide a steady signal from towers. It is assumed that the local operators will use the balloons.