Top financial services firm Accenture develops blockchain smart socket

     Multinational financial services and consulting company Accenture has successfully developed a new technology that uses blockchain technology to reduce electricity costs.

     Today, the British Broadcasting Corporation (BBC) published a news in the technology column, which said that the smart socket invented by Accenture can save electricity bills. The title of the BBC news is " Bitcoin can help reduce electricity bills ", which aroused people's great interest. When people carefully watched the news content, they found that the company actually developed a smart socket that uses Bitcoin blockchain technology, which can help people reduce electricity bills.

The smart socket will provide users with the best electricity supply by actively seeking different electricity suppliers and the cheapest tariff provider. Accenture believes that the smart socket will provide great convenience for people, especially for low-income people.

     According to an industry report , the global smart meter market is estimated to be worth $18.2 billion in 2019. This is a conservative estimate, as with the rapid development of the Internet of Things, smart devices will become the norm in the future .

     As the world's leading independent service company, Accenture has made remarkable achievements in recent times in exploring and investing in the field of blockchain or distributed technology . It is worth noting that the company became an important investor in the digital asset service provider blockchain - startup in January . Accenture ranks 42nd among the top 50 financial services companies in the world . The company's strong support for blockchain technology will have a prominent impact on the global financial market.