Austrian Power Grid in blockchain PoC for transmission network management - Ledger Insights
A blockchain proof of concept (PoC) being launched by Austrian Power Grid (APG) and the non-profit Energy Web Foundation is set to demonstrate what is potentially one of the most valuable use cases of distributed ledger technology (DLT) in the energy sector – management of the network using customer-owned distributed energy resources (DERs). APG’s partner for the PoC is the Energy Web Foundation, which developed its own Ethereum-based blockchain solution to address the needs of the energy sector.
The Energy Web Foundation (EWF) says that a combination of blockchain-based, decentralized off-chain, and legacy IT approaches together set the proof of concept apart, and places Austria at the forefront of modern grid digitalization. The Energy Web Foundation believes this grid management use case to be one of the two most valuable in the energy sector.
