• BlockchainLab Drenthe has unveiled its own IOTA-powered crypto wallet EnergieKnip which allows local Dutch citizens to share their energy data anonymously.
• The key thing about this project is that it offers privacy security to every single participating local while maintaining the anonymity of the identity of individuals sharing their data.
• IOTA’s key features like decentralized storage of data, instant transactions, fee less transfer of token rewards, etc. made it an obvious choice for EnergieKnip.
Overview
BlockchainLab Drenthe has unveiled its own IOTA-powered crypto wallet EnergieKnip which allows local Dutch citizens to share their energy data anonymously while ensuring privacy security and maintaining the anonymity of the identities of individuals sharing the data.
IOTA Technology Benefits
IOTA’s key features like decentralized storage of data, instant transactions, feeless transfer of token rewards, etc. have made it an obvious choice for BlockchainLab Drenthe’s EnergieKnip wallet solution which aims to collect accurate and comprehensive data for energy consumption allowing authorities to optimize energy consumption in a secure way.
Best Practices By EnergieKnip
EnergieKeep needs to comply with all data processing and security rules in order to ensure citizens‘ privacy. Thus, at no point, local authorities could attribute the data to a particular household and EnergieKnip never asked for any identifiable information such as email address, name, home address or phone number from participants either.
Token Rewards
Users who offer their energy consumption related data through the EnergieKnip wallet would get token rewards from authorities making it easier for them save money on electricity use while contributing towards a better environment by optimising energy usage in general.
Real Life Use Case
The real life use case has been showcased by BlockchainLab Drenthe recently in a Dutch municipality called Emmen making it clear that IOTA technology can be beneficial not just on an individual level but also entire communities while still protecting user privacy at all times.