I was reading a site where I'm reading reputable news usually and this story about "E-Stablecoin" stuck out as something unexpected to me. The article claims:
This new blockchain concept – which they call “E-Stablecoin” – could allow electricity to be transmitted between users who are spread around the world, without the need for interconnecting wires or a grid-based transmission system.
The abstract of the linked paper claims:
We detail how statistical mechanics and information theory (via Maxwell’s demon) can be used to transfer free energy in the form of electricity between anonymous users of a decentralized network without interfacing with utility corporations, power plants, or even electrical grid networks.
The paper describes a "Szilard engine" which it claims allows electricity to be converted to information and back again.
Does the proposed protocol allow users to transfer electricity without the need for interconnecting wires?