Published on October 11th, 2017 | by bitcoin0
India Boosts Sustainable Energy with Power Grid Trial on the Blockchain
One area of application that has been of interest for its utility, efficiency and sustainability is the blockchain application to microgrids.
MaaS in IndiaMultinational IT provider, Tech Mahindra, and the peer-to-peer based energy trading platform, Power Ledger, have created a new service for clientele specifically interested in microgrids.
Microgrids are distributed energy systems that act as a single controllable entity with respect to a larger energy grid network.
The MaaS platform integrates multiple energy assets such as solar, battery storage, electric vehicle chargers and analytics to measure energy efficiency.
The blockchain also manages all energy debits and credits of accounts, automates trading and measures each participant’s ongoing financial statements.