Japanese IT firm Fujitsu has successfully trialed a blockchain-based solution to address inefficiencies in electricity surplus management, the company confirmed in a press release on Jan. 29.
Fujitsu, which partnered with local power distribution company ENERES, used blockchain to increase the success rates of power sharing, which is administered through a process known as Demand Response.
An agreement between utilities companies and consumers, DR aims to anticipate periods of peak demand by ensuring surplus power is available to those who need it.
The current technology involved makes DR an inefficient mechanism, Fujitsu says, something which blockchain has demonstrably helped improve.
"The result was an approximately 40% improvement to the DR success rate."
This week, Cointelegraph published a detailed report into the current state of blockchain integration with the electricity industry.
Japanese IT Giant Fujitsu Completes Test of Blockchain Electricity Sharing Project
Publié le Jan 30, 2019
by Cointele | Publié le Coinage
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