The German Energy Agency has agreed with a new altcoin project to pioneer decentralized identities. The partnership unlocks the potentials of ‘decentralized identities’ in the energy sector.
German Energy Agency has started cooperation with this altcoin
The German Energy Agency (dena) has announced that Blockchain protocol KILT Protocol (KILT) will provide the basic infrastructure for decentralized digital identities in the DIVE project. Commissioned by the German Federal Ministry of Economy and Climate Action, this ambitious initiative aims to evaluate the potential benefits of decentralized identities in the energy sector through real-world use cases.
The energy sector is currently focused on expanding renewable energy sources. This vision is undergoing a crucial transformation to achieve climate neutrality. In the official announcement, KILT Protocol (KILT) gave details about what the partnership will bring to the energy sector.
Developments the collaboration focuses on include:
Rather than relying on large centralized power plants, the energy landscape of the future will have multiple decentralized systems, including wind turbines, solar parks, and small-scale solar installations on roofs and balconies. In addition, there is a growing need to integrate charging stations for electric vehicles, heat pumps and home energy storage.
Why was a Blockchain protocol chosen?
One of the main challenges in this decentralized energy paradigm is automating the exchange between different applications for small power generation facilities. These facilities usually consume electricity themselves or feed it into the grid. Automating the process is crucial to maintaining grid stability, efficiency and resilience. However, providing confidence and certainty that a facility can supply a certain amount of electricity at any given time requires a secure and reliable digital identity solution.
This is where the DIVE project comes into play. The project focuses on equipping systems and devices in the energy system with secure digital IDs. It also aims to discover the necessary constructs for associated identity management. In essence, a digital ID acts like an analog ID, much like an ID card. These digital identities are verified and managed by the authorities. They are also designed to provide verification of system availability, features, and usability.
The DIVE project is a continuation of the “Blockchain Machine Identity Ledger (BMIL)” project. In this project he proved the technical feasibility of connecting decentralized facilities to a decentralized identity register.
The future of the DIVE project
In the future, the DIVE project will test scenarios for various applications, including rapid switching of suppliers in e-charging stations. The project covers these use cases extensively. In this way, it aims to provide a transformation path that summarizes all the necessary steps for a wider application. This pathway helps to create an ecosystem. Thus, it will drive Germany’s energy transition forward by facilitating the rollout of more applications.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow on. Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.