Polkadot is providing next-generation technology to Energy Web, which pioneered blockchain in energy.
Polkadot connects “parachains” like Energy Web’s, enabling interoperability and creating a decentralized web.
Energy Web has stated the move will allow it to develop the basis for its new Energy Web X as the next generation energy sector blockchain technology. We’ll report on the details later.
Worker nodes—decentralized groups of computers that do off-chain work—are a major feature.
Energy Web CEO Jesse Morris expects partner firms like Shell, Vodafone, and Volkswagen to speed decarbonization via Energy Web X.
To meet the [clean energy] aim, we searched for a blockchain platform with actual enterprise-grade security and seamless upgradeability to create a secure and future-proof environment. Polkadot succeeds at both with its shared security paradigm and best-in-class core technology.
Energy Web helps electric utilities digitize and integrate dispersed energy resources to the grid and brings openness and verifiability to burgeoning green product supply chains, including 24/7 matched renewable electricity.
42 parachains from decentralized banking, privacy, social media, sustainability, NFTs, gaming, and the metaverse joined Polkadot by Q1.
Parachains help applications scale by unlocking new use cases and utilizing Polkadot’s security.
ChatGPT manages utility water.
Klir is the first US-based water platform supplier to include generative AI to its Klir Comply platform.
Klir says Azure’s scalability, reliability, performance, and security allow water professionals to use an AI-powered chatbot to gain insights into their utility’s data.
The company claims that by combining ChatGPT’s conversational benefits with each utility’s water quality management and compliance data (e.g., “Is our water compliant today?” or “Draft me a summary of last week’s water quality”), the AI function simplifies tedious but critical tasks while keeping internal data secure and private.
The chatbot, “Boots,” is an Irish Water Spaniel “trained to sniff out key data” in honor of Klir’s Irish heritage.
‘Boots’ lets users query millions of data points in the utility’s private internal data, integrating administrative tasks with sampling results data, providing predictive water quality analysis, generating quantitative insights into sampling results, and identifying correlations.
“Klir’s AI function sits as a layer on top of what is already the most comprehensive software for water quality and compliance management on the market,” says Klir CEO David Lynch.
“To ask complex compliance water management questions and immediately receive accurate answers is seismic and will help organizations around the world slow the global water crisis.”
Klir introduced the ChatGPT function and a “maturity model” that prioritizes water utilities’ operational risks.
Metaverse might cut greenhouse gas emissions.
Cornell University researchers estimate that the metaverse sector might cut US greenhouse gas emissions by 10Gt CO2e by 2050 and lower world surface temperature by 0.02oC by the end of the century.
AI-based modeling of data from technology, energy, environment, and business predicted metaverse usage and the impact of its most promising applications, including remote work, virtual traveling, distance learning, gaming, and non-fungible tokens.
The researchers anticipated metaverse spread until 2050 following three trajectories—slow, nominal, and fast—based on past technologies like television, the internet, and the iPhone.
They considered energy use as consumption increased.
The modeling predicted that over 90% of the population will embrace the technology within 30 years, with business travel producing the most environmental benefit.
“Think about decarbonizing our transportation sector,” says Cornell Engineering professor Fengqi You.
“Electric cars work, but you can’t drive to London or Tokyo. Should I go to Singapore for a meeting tomorrow? As we advance these technologies with human–machine interaction in a 3D virtual environment, it will be an intriguing decision-making point for some stakeholders.
Meta (previously Facebook) and Microsoft, who collaborated to the Cornell study, are two of the main metaverse developers. Microsoft offers remote conferencing and distance learning, whereas Meta focuses on personal activities like gaming.
You say the metaverse can only accomplish so much.
“This economy has many sectors. Metaverse cannot accomplish everything. But it could accomplish a little if we leverage it reasonably.”