Jan 19, 2019 at 13:23
Spain: Iberdrola Uses Blockchain Technology in Renewable Energy Sector
Iberdrola - the Spanish public multinational electric utility major, has accomplished a project which will largely chip into speeding up the decarbonisation process by using blockchain to ensure that the energy supplied to the user is 100 percent renewable. The first test to ensure the renewable source of the energy supplied was carried out with the financial entity Kutxabank, who were able to trace the actual time that it takes a process to occur, and the source of the power supplied by Iberdrola from the generation point up to the place of consumption.
Spanish National Securities Market Commission Is Looking Into Blockchain Tech
The Spanish National Securities Market Commission (CNMV), the country’s financial market regulator, in a partnership with a number of banking institutions, has finished a new test of Fast Track Listing (FTL) powered by blockchain technology. The project has already shown successful results in reducing processing time and improving transparency.