Netherlands-based tech company ElaadNL has devised a PoC for a smart grid using IOTA Tangle technology.
Dutch technology company ElaadNL has developed a Proof of Concept (PoC) for a smart power grid for electric vehicles using internet of things (IoT)-focused IOTA Tangle technology, according to the company’s announcement on Feb. 14.
Per the announcement, the PoC shows the ability of smart grids to not only consume power, but also generate it and autonomously redistribute it amongst community members. The initiative was based on IOTA’s Tangle technology, which purportedly lets the charging devices autonomously decide whether there is need to help balance grid load.
In addition, the charging stations can earn a IOTA tokens by charging electric vehicles at a lower speed or at an off-peak time. “The grid in this PoC will…