New Partnership for Blockchain Technology of Electric Systems

A new partnership has been formed in the U.S., designed to showcase how blockchain technology can be applied to enhance the security and operational efficiency of electric systems. This is for distributed energy resources. The project is a collaboration between blockchain cybersecurity platform startup Xage Security (located in Palo Alto, California, U.S.) and utility firm Commonwealth Edison (located in Chicago, Illinois, U.S.). The aim is to show how blockchain technology can assist with integrated distributed energy resources like solar power, energy storage, energy efficiency, and power demand management. The focus is with boosting security as well as making the process of energy demand management more efficient.

Source : http://www.digitaljournal.com/tech-and-science/technology/new-partnership-for-blockchain-technology-of-electric-systems/article/558852#ixzz611n6Kc1p