Waves blockchain used to track Russian energy consumption

Russian power grid company is piloting a blockchain-based system that’ll automate electricity metering. Those behind the pilot, so far implemented in 400 homes in the Kaliningrad and Sverdlovsk regions, are planning on expanding the pilot to serve the regions’ combined population of 5.3 million early next year, before rolling out the system nationwide.

Under the system, information about how much electricity a household consumes is logged on a decentralized ledger, then displayed in an app that consumers can use to monitor electricity usage. The app also analyzes electricity habits, and can provide suggestions to a consumer about how to switch to a more cost-efficient plan. A smart contract then divides the payment between sales and grid companies. 

 

Source : http://www.indiasmartgrid.org/viewnews.php?id=4262


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