Blockchain Usage Beyond Cryptos – Tracking Renewable Energy Sources

Blockchain has been invariably linked to cryptos and there is a good reason for this. Cryptos depend on blockchain resources for their existence, there can be no crypto without a blockchain. 

There is another side of blockchain technology that we do not commonly hear of but, has started to catch up in a big way. Industries and governments are using blockchain to improve efficiency and productivity. In once such application, European nations have been using blockchain to research renewable sources of energy. 

The energy sector currently uses blockchain in more than one function - sourcing energies, distribution of energy and now for researching renewable sources. The important thing about this and similar applications of blockchain is that, the beneficiaries would be the general population and even humanity. 

Blockchain has also been adapted to help public health services operate more efficiently in terms of both, QOS (quality of service) and costs. On a more commercial scale conventional banks, have been using blockchain platforms to execute transfers faster and at a lower cost. 

Glitzkoin CEO Navneet Goenka is passionate about these modern technologies, in his words ‘… it is heartening to see how blockchain is being adapted and adopted by the real world economy. I am extremely impressed with both cryptos and blockchain and am sure that, these technologies will in the next few years, reveal their true worth and utility’.

GLITZKOIN: Glitzkoin is developed on the Stellar blockchain. The project includes the multifaceted GTN token that currently trades actively on 3 crypto exchanges (Cointiger,  Stellarport and Dobitrade). Glitzkoin makes a direct connect to the multibillion dollar diamond industry. The project is promoted by second generation diamond veteran Navneet Goenka, it aims to improve productivity and market scope for the glittering industry. A comprehensive diamond trading platform (DiaEx) is part of the project, it supports both B2B and B2C trade in diamonds. As mentioned above GTN is traded by crypto traders on three exchanges, it is also designated as the mode of payment on DiaEx. 

 

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