Government initiatives to build and improve smart grid networks across the globe

Various governments across the world have been taking the necessary steps to lower down the losses and improve the operational efficiency and reliability. New technologies and innovative solutions have been implemented for reducing electricity losses and enhance efficiency.   The Canadian government invested nearly $3 million for providing support for two smart grid projects in Guleph. The project will be carried out in two phases and smarter electricity system will be built. Tunisian government has been approved of a huge loan from the French Development Agency. Intelligent meters will be…

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Using Blockchain to Make Cross-Border Payment

CANADA – Jon Dela Cruz – The use of the blockchain technology for overseas money transfers limited to startups until now, but it appears that banks don’t want to be left out of the race either.     Crédit Agricole, a French bank, through an announcement in January 2018, mentioned it will start using Ripple’s blockchain technology on a trial basis. This is so it may improve the efficiency of money transfers for customers who live in close proximity to the Swiss border. These transfers usually take up to three…

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