Salzburg AG is a utility company, which launched several blockchain pilot projects with Austrian Verbund utility company. In one of the projects, tenants in multi-party houses will be able to trade solar power among themselves in the future. There are also international experiments for electricity trading. Energy suppliers are facing a massive change in their business models, "the energy future is decentralised and it is digital," says Salzburg AG CEO Leonhard Schitter. Blockchain technology could play an essential role in this in the future. Together with Verbund, Salzburg AG is currently testing practical areas of application for blockchain in several pilot projects.
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