Greyp Teams Up with Blockchain Entities for Automated Payment System

By Brian Njuguna   Oct 25, 2019 2 Min Read


Greyp, a Croatian mobility tech startup and electric bike manufacturer, has partnered with two blockchain firms, the Energy Web Foundation (EWF) and slock.it, to establish an automated payment structure for IoT vehicles. 

EWF utilizes blockchain in the energy industry, whereas slock.it is an IoT firm that connects physical devices to the blockchain network. 

According to tech.eu, Greyp seeks to have automatic payments that will start as machine-to-machine transactions, such as renewable charging services, rentals, and tolls. Notably, cryptocurrency options will be incorporated. 

Kresimir Hlede, Greyp COO, noted:

“We envision a network where every vehicle has a digital ‘wallet’ enabling autonomous machines to receive and create payments, both to humans and other machines.” 

He also added:

“This is a big step forward toward realizing our vision for a sustainable, connected future. We are excited to be working with slock.it and the Energy Web Foundation to achieve this.”

On the other hand, Jesse Morris, EWF’s chief commercial officer, stipulated that the firm’s mission is to offer blockchain-enabled solutions for environmental friendliness.

He proclaimed:

“Our mission is for blockchain-based solutions to accelerate a low-carbon, customer-centric electricity future. In the years ahead, we forecast that customers will invest more in the grid than utilities. Electric mobility is a key part of that megatrend. We are proud to partner with Greyp to make it one step closer to reality.”

As reported by Blockchain.News on Sep 18, Waste2Wear, a Dutch green fabrics company, was set to launch the first-ever fabrics collection from ocean plastics. Blockchain technology is, therefore, playing an instrumental role in boosting environmental friendliness.

 

Image via Shutterstock

About the author

Brian Njuguna
He is an accomplished corporate writer and entrepreneur based in Nairobi, Kenya. He holds a Bachelors of Economics & Statistics, Second Class Upper Division, from Kenyatta University. Brian has a penchant for Blockchain and Cryptocurrency because he believes the present systems will be altered by these innovations as they reign supreme as we gear towards the fourth industrial revolution or 4IR.




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