Energy supplier Origin starts blockchain project on the energy trade in Australia
The energy supplier Origin cooperates with the block-start power-ledger to test a new power trading platform.
Origin is one of the largest energy suppliers in Australia and would now like to examine together with Power Ledger how anonymized and historical customer data can be used to achieve optimizations within a peer-to-peer power grid.
In addition to higher efficiency and the resulting cost savings, customers are to be given new opportunities - For example direct electricity trading among private individuals. A model that is followed by many blockchain projects in the energy sector. From electricity consumers can become producers (eg by their own solar system), which can act as active and autonomous electric traders.
In order to be able to reliably perform these stream transactions, a tamper-proof directory or an infrastructure, such as the blockchain technology, can be provided. For this reason the energy supplier Origin has great expectations on the technology, even if it is admitted that one is still very early.
The project will start next month and go until the end of this year. During this time, many transactions with Origin's customer data are to be executed and analyzed on the Power Ledger blockchain platform.
In the meantime, the regulatory framework will also be scrutinized more closely. Finally, the electricity sector is a highly regulated industry. It is there necessary to ensure regulatory compliance in this case before a commercial rollout, whether in Germany or as in this case in Australia.
brova @spawn
