The Tokyo Electric Power Company (TEPCO) is no stranger to the risks of over-centralized energy sources. Perhaps best known for the nuclear meltdown of its Fukushima Daiichi power plant in 2011, the largest energy utility in Japan is now looking to blockchain in an effort to prevent another catastrophe. However, from distributed wind generation using tiny windmills to smart batteries that store power purchased when it’s cheap to buy, alternative energy initiatives have historically been individual philanthropic pursuits. Jeffrey Char, director of TEPCO’s venture capital arm, though, believes blockchain can help provide a business model for these innovative ideas and, in the process, lessen Japan’s reliance on centralized nuclear power.
Coindesk 10th Oct 2017 read more »
A court in Japan has ordered the government and the operator of the wrecked Fukushima Daiichi nuclear power plant to pay 500m yen (£3.37m) in damages to residents affected by the March 2011 triple meltdown. The ruling by the Fukushima district court follows an earlier decision that also found the government accountable for the disaster, in which large quantities of radiation was released and tens of thousands of people were forced to flee their homes. The class action lawsuit, involving 3,800 plaintiffs, is the largest of about 30 similar cases filed by 12,000 Fukushima residents who say their lives were adversely affected by the triple meltdown and its aftermath.
Guardian 10th Oct 2017 read more »