Blockchain technology makes peer to peer energy trade possible, as it establishes trust and reduces transactional costs. It also introduces the possibility of automation in smart grids and peer to peer trade mechanisms in the form of smart contracts. Example: A smart contract that is designed to stop energy supply to a node when the power consumption reaches a certain point.





Artificial Intelligence

Using Smart Contracts, information such as traffic conditions, live accident information and driving speeds can be intercommunicated amongst self-driving vehicles, enabling a new level of AI.

Decentralized Ride Sharing

Peer to peer ride sharing can now be decentralized, whereby drivers can connect directly to riders without any intermediary. This helps reduce costs of commuting while drivers earn more.

Fair Road Tax

Vehicle driver's can be taxed in a fair manner by storing critical information such as number of hours and vehicle type on the blockchain. This way a car that drives more over time is taxed more rather than equally taxing all vehicles.

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