IEEE: Live from CES 2019
What's new at CES this year? Check out IEEE's exclusive coverage of the event in our live blog, featuring the latest innovations being showcased on the trade show floor. This year, a special track on Blockchain explores how this revolutionary technology is being incorporated into business solutions to ensure greater security, from cryptocurrency to the supply chain.
Blockchain for Smart Cities
"Blockchain (BC) technology is the distributed storage of information with high security. BC can store data on transactions such as from who it was received, to whom it was sent, and the amount of cryptocurrencies transferred. Currently, Blockchain has attempted to apply to manage smart cities, conduct energy trading, ‘connect’ Wireless Sensor Networks (WSN) and Internet of Things (IoT), create smart contracts and others."
Ethereum Plans to Cut Its Absurd Energy Consumption by 99 Percent
While mining the cryptocurrency Ethereum consumes a quarter to half of what Bitcoin mining does, the typical Ethereum transaction still uses more power than the average U.S. household consumes in a day. An overhaul of Ethereum’s code in 2019 could lead to more efficient transactions that use just one percent of the energy consumed today.