wehodldaily.com
  • Home
  • Apparel
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Blockchain
    • Business
  • Exchanges
    • Scams
  • Regulation
  • Unibright- The business entry into crypto.
No Result
View All Result
  • Home
  • Apparel
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Blockchain
    • Business
  • Exchanges
    • Scams
  • Regulation
  • Unibright- The business entry into crypto.
No Result
View All Result
WeHodlDaily.com
No Result
View All Result

How the Bitcoin Blockchain Is Being Used to Safeguard Nuclear Power Stations

September 1, 2020
in Business
3 min read
How the Bitcoin Blockchain Is Being Used to Safeguard Nuclear Power Stations
0
SHARES
0
VIEWS
ShareShareShareShareShare

Nuclearis, a manufacturer of precision mechanical components for the nuclear industry, is using the Bitcoin blockchain to verify the manufacturing blueprints of parts that make up nuclear power reactors.

Announced Tuesday, Nuclearis, which is headquartered in Buenos Aires, Argentina, and has offices in the U.S. and China, is using the Bitcoin-powered RSK blockchain as an immutable anchor, keeping tabs on critical documents. The firm has open-sourced the framework so other players in the nuclear industry can use it.

It’s not the first time blockchain tech has been leveraged within the nuclear industry. Estonia’s Guardtime has been using its own version of DLT for some time to distribute data as a way to prevent cyberattacks on nuclear infrastructure. There have also been projects using blockchain to track the uranium fuel supply chain and also track what happens to nuclear waste.

Safety is everything when it comes to nuclear. The track and trace use case for manufacturing documents is important because there have been forgeries in the past, where antiquated nuclear reactors have opted for shortcuts to revamp equipment (a high-profile case of this sort went through the courts in France in 2016.)  

Some 150 new reactors are set to be built over the next 30 years and the “NuclearTech” space is all about instilling trust within the operators of nuclear power plants, said Nuclearis CTO Sebastian Martinez.

“Part of the problem is that there are many intermediaries in this supply chain and parts of it are still paper-based,” said Martinez. “We hash the manufacturing documents and upload to the blockchain at the point of creation of the steel part. Months or even years later, when we deliver the part, the power plant can check if everything digitally matches.”

Nuclearis, which is working with Argentina’s three power plants – Atucha I, Atucha II and Embalse – said the Argentine government and the country’s main operator of nuclear power plants, Nucleoeléctrica Argentina, are looking to adopt its blockchain system.

The RSK blockchain developed with consultancy IOV Labs uses a process called “merged mining” to run a sidechain on the Bitcoin blockchain and harvest the hash power of the largest cryptocurrency.

“The immutability and security that blockchain provides are of the most importance for the nuclear industry,” IOV Labs CEO Diego Gutierrez Zaldivar said in a statement. “We are very excited about Nuclearis’ solution in that industry and thrilled they have chosen RSK blockchain and RSK Infrastructure Framework (RIF) technologies for its development.”

The RSK-based platform now in use is only for tracking the provenance of new parts, but there are lots of interesting use cases going forward around areas like decommissioning of parts, Nuclearis said.

“If you replace something like a pump from a primary circuit that has been radioactive for the last 50 years, you have to decommission it, get it out of the reactor and dismantle it,” said Martinez. “Traceability of that stuff is very important so it doesn’t turn up on some black market, or worse, finds its way into a dirty bomb.”

Credit: Source link

ShareTweetSendSharePin
Previous Post

Crypto Miners Arrested By Malaysian Authorities Over $600K In Power Thefts

Next Post

First Mover: Rookie YFI Token Jumped 8-Fold in August as DeFi Dominated

Related Posts

Crypto-Friendly Signature Bank Raked In $4B in Deposits in Q3 2020
Business

Signature Bank Crosses $10B in Deposits From Crypto Customers

Deposits from digital currency customers now make up nearly 16% of total deposits at New York’s Signature Bank. In an...

by
January 21, 2021
Microsoft, India’s Tanla Launch Encrypted Messaging Infrastructure Built With Blockchain
Business

Microsoft, India’s Tanla Launch Encrypted Messaging Infrastructure Built With Blockchain

The edge-to-edge encrypted platform is built on Microsoft Azure and accessible by clients via an API. Credit: Source link

by
January 21, 2021
Signature Bank Adds $2.5B in Non-Interest Bearing Deposits in Q4
Business

Signature Bank Adds $2.5B in Non-Interest Bearing Deposits in Q4

Cryptocurrency firms are often a rich source of low-cost deposits for the few banks that openly serve the sector....

by
January 21, 2021
eToro Adds Insolvency Insurance Policy – Crypto Users Not Included
Business

eToro Survey Finds Pensions and Endowments Are Finally Waking Up to Crypto

Some of the largest and most risk-averse asset managers, including the likes of pension funds and endowments, are finally...

by
January 21, 2021
Next Post
First Mover: Rookie YFI Token Jumped 8-Fold in August as DeFi Dominated

First Mover: Rookie YFI Token Jumped 8-Fold in August as DeFi Dominated

POPULAR POSTS

  • U.S. regulators crackdown on 15 Bitcoin and forex scammers in “sweeping action”

    U.S. regulators crackdown on 15 Bitcoin and forex scammers in “sweeping action”

    0 shares
    Share 0 Tweet 0
  • How Free is Freelancing?

    0 shares
    Share 0 Tweet 0
  • Secret Network Launches Bridge to Bring Transactional Privacy to Ethereum

    0 shares
    Share 0 Tweet 0
  • Top 4 Risks DeFi Investors Face

    0 shares
    Share 0 Tweet 0
  • Bitwise Surpasses $100 Million in Asset Management

    0 shares
    Share 0 Tweet 0
WeHodlDaily.com

This is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

What’s New Here

Brazil’s top exchange announces international expansion after raising $38M

Brazil’s top exchange announces international expansion after raising $38M

January 22, 2021
Ethereum Starts Recovery, Why ETH Could Face Resistance Near $1,250

Ethereum Starts Recovery, Why ETH Could Face Resistance Near $1,250

January 22, 2021

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • WP Shopify Products
  • WP Shopify Collections

© 2020 wehodldaily.com - All rights reserved!

No Result
View All Result
  • Home
  • Apparel
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Blockchain
    • Business
  • Exchanges
    • Scams
  • Regulation
  • Unibright- The business entry into crypto.

© 2020 wehodldaily.com - All rights reserved!

  • bitcoinBitcoin(BTC)$31,685.00-8.88%
  • ethereumEthereum(ETH)$1,167.70-11.05%
  • tetherTether(USDT)$1.00-0.22%
  • PolkadotPolkadot(DOT)$16.56-2.08%
  • rippleXRP(XRP)$0.267622-10.15%
  • cardanoCardano(ADA)$0.324165-11.27%
  • litecoinLitecoin(LTC)$136.34-5.04%
  • chainlinkChainlink(LINK)$19.64-7.52%
  • bitcoin-cashBitcoin Cash(BCH)$420.37-12.69%
  • Binance CoinBinance Coin(BNB)$39.84-4.39%
  • stellarStellar(XLM)$0.259447-10.29%
  • USD CoinUSD Coin(USDC)$1.00-0.49%
  • Wrapped BitcoinWrapped Bitcoin(WBTC)$31,624.00-9.00%
  • Bitcoin SVBitcoin SV(BSV)$179.17-7.43%
  • eosEOS(EOS)$2.58-6.30%
  • moneroMonero(XMR)$130.71-11.90%
  • AaveAave(AAVE)$179.50-3.27%
  • tezosTezos(XTZ)$2.79-0.44%
  • tronTRON(TRX)$0.027734-7.42%
  • havvenSynthetix Network Token(SNX)$13.48-9.12%
  • nemNEM(XEM)$0.210337-9.01%
  • vechainVeChain(VET)$0.029015-12.73%
  • theta-tokenTheta Network(THETA)$1.86-5.48%
  • CosmosCosmos(ATOM)$7.58-10.92%
  • UniswapUniswap(UNI)$8.23-0.75%
  • Celsius NetworkCelsius Network(CEL)$4.39-2.23%
  • Crypto.com CoinCrypto.com Coin(CRO)$0.070962-12.08%
  • neoNEO(NEO)$22.86-9.36%
  • OKBOKB(OKB)$5.86-8.12%
  • daiDai(DAI)$1.00-0.05%
  • LEO TokenLEO Token(LEO)$1.39-0.78%
  • cETHcETH(CETH)$23.32-11.37%
  • iotaIOTA(MIOTA)$0.429387-11.61%
  • Binance USDBinance USD(BUSD)$1.000.05%
  • makerMaker(MKR)$1,226.52-9.79%
  • dogecoinDogecoin(DOGE)$0.008403-5.44%
  • huobi-tokenHuobi Token(HT)$5.24-7.20%
  • filecoinFilecoin(FIL)$22.11-1.60%
  • First BloodFirst Blood(1ST)$0.2296540.00%
  • dashDash(DASH)$97.97-15.20%
  • cUSDCcUSDC(CUSDC)$0.0215120.03%
  • AvalancheAvalanche(AVAX)$12.10-4.89%
  • yearn.financeyearn.finance(YFI)$30,579.00-4.17%
  • zcashZcash(ZEC)$83.60-11.25%
  • KusamaKusama(KSM)$96.75-5.31%
  • cDAIcDAI(CDAI)$0.021016-0.05%
  • FTX TokenFTX Token(FTT)$9.25-8.22%
  • ethereum-classicEthereum Classic(ETC)$7.12-9.52%
  • SushiSushi(SUSHI)$6.45-6.24%
  • CompoundCompound(COMP)$197.08-1.01%
brave-ledger-verification=8ade254ba91b525f921304725ce014f97ebe65a2f7833b13e4a6477023efaab5