Austrian Project “HotCity” To Use Blockchain To Find Waste Heat Hotspots For District Heating
Austrian Project “HotCity” To Use Blockchain To Find Waste Heat Hotspots For District Heating
May 13, 2020
Austrian Project “HotCity” To Use Blockchain To Find Waste Heat Hotspots For District Heating
Austrian Project “HotCity” To Use Blockchain To Find Waste Heat Hotspots For District Heating
May 13, 2020

An Austrian project “HotCity” is ready to use blockchain to help find waste heat hotspots in the cities of Vienna and Graz for district heating, receiving tokens as a reward.

On May 12, it has been reported that as launched by the Austrian Institute of Technology (AIT), HotCity is creating a gamification system to crowdsource hotspots around the city and channel them to provide public heating.

However, the platform will use the Ignis blockchain, part of the Ardor ecosystem developed by Jelurida, the Swiss company.

It has been analyzed that Vienna hosts one of Europe’s largest district heating networks, which provides hot water through centralized heating lines in the city. 

One of the benefits of such a system is the ability to use waste heat from industrial processes to provide consumers with energy, as this has a predictable impact on energy efficiency and CO2 emissions.

As per the report, Viennese energy providers claim a reduction of 75% in energy consumption. “Plus-energy districts,” which produce more heat energy than they consume can generally feed some of that waste heat into the grid, increasing efficiency. But while large sources of waste heat, like large factories and data centers, are easy to identify, smaller sources remain idle.

ALSO READ :  New Upgrade Of Algorand Shows That The Project Is Eyeing The Burgeoning DeFi Space

The HotCity project would help form precise and granular data sets, which could help improve urban planning in Austria, as the project received a 310,000 Euro grant from the Austrian Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation, and Technology.

Dr. Ernst Gebetsroither-Geringer, the HotCity project lead from the AIT, said that Vienna is estimated to produce 400 Gigawatt Hours of usable waste heat.

He added:

“The idea is to develop a method with gamification to estimate the potentials […] The crowdsourcing does not recover the waste heat it ‘only’ shows the potentials which exist.”

Likewise, the HotCity platform aims to make collecting the necessary data “voluntary and playful” by rewarding the users with tokens that can be redeemed for goods and services. The citizens can submit the information with an app by doing physical on-site inspections, or even just scanning photos and Google Maps.

As Gebetsroither-Geringer explained, blockchain is used both to secure the data and make it private, while also facilitating the exchange of tokens into specific vouchers.

ALSO READ :  Gemini Partners With BCB Group In The United Kingdom

He stated:

“[Blockchain] could also be used by prosumers (small energy waste producers) if they want to sell their waste energy and use smart contracts and blockchain to do this. But this use of blockchain to sell the waste heat is not implemented in HotCity.”

Thus, the project will be tested in Vienna and Graz for the next heating season in October 2020, as the plans for an early 2020 pilot were delayed due to the COVID-19 pandemic.

Source: Cointelegraph | Image: Pixabay


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.