Bitcoins could buy energy for less

Researchers discovered the technology behind Bitcoin that could help cut energy bills.

Technologists of Accenture have created a blockchain-based smart plug that can track power consumption and search for cheaper energy sources minute-by-minute. The current blockchain serves as the automated ledger that oversees Bitcoin and keeps tracks of where coins are spent.

The plug modifies the basic Bitcoin blockchain technology to make it actively look for cheaper power suppliers, which could help people living on low earnings who use prepayment meters that operate on a “pay-as-you-go” basis. Accenture has also adapted the blockchain to allow customers to actively negotiate deals, rather than simply signing contracts and confirming transaction records.

“It’s about how we put more business behaviour or logic into the blockchain,” said Emmanual Viale, head of the Accenture team at the firm’s French research lab.

The prototype works with other appliances in the house so when demand for energy is high, it searches for different suppliers and uses the modified blockchain to switch to the cheaper source. According to Accenture research, the modified blockchain would be able to save individuals using prepayment meters in the UK up to £660 million annually.

Although the Accenture system is still just a concept, it has huge potential to make energy use more affordable.

Article via BBC, 19 February 2016
Photo: Bitcoin by Chris Pirillo


The Costs of E-Discovery

Costs of keyword searching, data analysis, not recoverable, Federal Circuit rules (Robert Ambrogi, 18 Dec 2013) – To what extent can the costs of e-discovery be recovered by a prevailing party in federal court? The U.S. Federal Circuit Court of Appeals has just issued an opinion that provides a detailed analysis of that question, concluding that the answer hinges on which costs fall within a 21st Century definition of “copying.” In CBT Flint Partners, LLC v. Return Path, Inc. , the Federal Circuit considered the extent to which e-discovery costs fall under28 USC § 1920 , the federal statute that lists the costs that can be recovered in federal litigation. The only provision of that statute that would apply to e-discovery, the circuit concluded, is one that allows recovery of copying costs. Thus, e-discovery costs are recoverable only to the extent they fall within the statutory meaning of copying. [W]e conclude that recoverable costs … are those costs necessary to duplicate an electronic document in as faithful and complete a manner as required by rule, by court order, by agreement of the parties, or otherwise. To the extent that a party is obligated to produce (or obligated to accept) electronic documents in a particular format or with particular characteristics intact (such as metadata, color, motion, or manipulability), the costs to make duplicates in such a format or with such characteristics preserved are recoverable. … But only the costs of creating the produced duplicates are included, not a number of preparatory or ancillary costs commonly incurred leading up to, in conjunction with, or after duplication. That means that the costs of imaging hard drives and source media and processing those images would be recoverable in most cases, the court said. Also recoverable would be the costs of creating load files and copying responsive documents to production media. But the costs of decryption, deduplication, keyword searching, data analysis and project management are not recoverable, the court concluded.

Provided by MIRLN.

Image courtesy of FreeDigitalPhotos.net/hyena reality.