Energy Company Origin Joint Power Ledger Test Zone Chain Energy Sharing

nnPost Comment: Australia’s public and private sectors are accelerating the exploration of block-chain technology to really take advantage of its potential. At present, the technology in Australia’s energy market has also received great attention. Energy retailer Origin announced that it has partnered with block-chain start-up company Power Ledger to test the block-chain technology, hoping to achieve direct energy trading between consumers through the new platform, creating an energy trading model that does not require brokers Then
nTranslated by: Inan
The Australian energy retailer Origin has partnered with Power Ledger, a chain-based start-up company in Perth, to experiment with an energy-sharing platform that uses block-chain technology to create immutable energy generation and consumption records.n
The trial includes the use of past anonymous customer data to explore the advantages and challenges of cross-network peer-to-peer energy trading, and the company hopes to demonstrate the accuracy and security of the Power Ledger trading platform. Basically, it will investigate the feasibility of energy and trade between consumers and neighbors.n
“The peer-to-energy deal is an opportunity for unlocking great value for consumers,” says David Martin, general manager of Power Ledger. “It creates consumers’ direct access to each other’s energy supply model and eliminates brokers.”n
n”Exploring the technology with Origin allows consumers to control more of their energy procurement options and highlight how the needs and expectations of Australian energy users change.”n
nOrigin Lucent, general manager of Future Energy, said in a statement that although the technology is still in its early stages, Origin is keen to explore the potential benefits that point-to-point energy deals may bring to customers.n
“Power Ledger is one of the emerging technologies we are currently exploring, and we believe it will help us meet the changing needs of our customers,” Lucas explains.n
n”We hope this test will help us better understand the value proposition of consumers and the regulatory and technical implications of peer-to-peer trading patterns.”n
nPower Ledger has also recently collaborated with Project Brainstorm, a supplier of renewable energy systems, to bring benefits to the Queensland people for the use of block chains for renewable energy transactions.n
It also has a similar partnership with Testmania and another renewable energy company, Nest Energy, which announced the development of a distributed renewable energy generation model in Launceston.n
A few days ago, Power Ledger raised $ 17 million in pre-sale ICO.n
Block-chain technology has been a long way since the emergence of the underlying technology of digital currency, such as bitcoin,n
Australian universities have accepted distributed book technology, for example, the Royal Melbourne Institute of Technology (RMIT) set up a “block chain innovation center”, the University of Sydney has created a known as “Red Belly Blockchain” new block Technology, and that the technology can completely change the global economy.n
Australian companies are also embracing block-chain technology. For example, the Commonwealth Bank of Australia has partnered with Wells Fargo and Brighann Cotton in October last year to claim the first time that chain-chain technology, smart contracts and networking Together with interbank trade deals.n
Australian telecom giant Telstra announced in September 2016 that it was experimenting with its smart home products using block chains and biometric security technology.n
In addition, the Australian Stock Exchange (ASX) has completed almost a project that uses a shared distribution book that can store a complete transaction record. The Sydney Stock Exchange (SSX) has also recently announced a project to enable real-time processing of transactions through block-chain technology with the help of Bit Trade Labs in Sydney.n
Last month, the Australian chain chain industry boomed with the establishment of the “Parliamentary Friends of Blockchain”. The organization was led by Senator Jane Hume of the Liberal Party and Sam Dastyari, Labor Senator, and wanted to provide a forum for members and senators to meet and discuss digital money.n
At the same time, Standards Australia is responsible for managing an international technical committee secretariat to develop a chain-chain standard developed by the International Organization for Standardization (ISO).n
Together with the 16 ISO members, including Germany, the United States, the United Kingdom, France, Canada, Estonia, Japan and South Korea, Australia will promote the development of ISO / TC 307 block chain and electronic distributed book technology.n

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