Vision for Blockchain Led Transformation to Empower Customers with “Flexi-Grid”
- Sep 21, 2019 12:05 am GMT
This item is part of the Special Issue - 2019-09 - Blockchain in Utilities, click here for more
Using Blockchain led technology, is entirely a new concept and quite complex considering the existing distribution and retail scenarios in a de-regulated market where means of electric production are less centralized. Under the DER’s (Distribution Energy Resources) reforms program, ‘Flexi-Grid’ via Blockchain technology has a capability to hold ‘Duck Curve’ situations of the grid as well as the vision to leverage the strength of independently owned and controlled DER’s to further engage the end customers for generating potential new revenue streams. This paper aims to portray the effectiveness of blockchain technology as an effective transformation tool for improvement of process payments for electricity in real-time and also briefly discuss the roadmap for achievement of ‘Smart Contract’ with vision of securely store cryptocurrencies.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.