Blockchain
What Does It Mean to Industrial Electronics?: Technologies, Challenges, and Opportunities
Xinghuo Yu (Royal Melbourne Institute of Technology University)
Changbing Tang (Zhejiang Normal University)
Peter Palensky (TU Delft - Intelligent Electrical Power Grids)
Armando Colombo (University of Applied Sciences Emden/Leer)
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Abstract
Imagine you want to send money to a friend overseas. Wouldn't it be good if you didn't have to pay hefty fees to the intermediaries, and your friend received the funds very quickly? Now imagine ordering parts to make a product in your manufacturing plant. Wouldn't it be great if you were able to verify where each part comes from and have access to a reliable certificate on its quality automatically? Also think about dealing with energy use or selling off your excess solar energy as a prosumer. Wouldn't it be nice if you could purchase cheaper energy or sell it profitably at ease?