Home » Fujitsu Developed Blockchain Electricity Exchange System

Fujitsu Developed Blockchain Electricity Exchange System

news - Fujitsu Developed Blockchain Electricity Exchange System

Japanese IT giant Fujitsu has introduced a blockchain-based electricity exchange system facilitating a more stable energy supply of enterprise consumers at peak periods.

The new blockchain-based system calculates how much energy is available from sellers and match that with available buy orders in order to receive a faster response at peak times.

Fujitsu said it had tested the “patent-pending” blockchain system with support from electric power distribution company ENERES and achieved a roughly 40 percent improvement compared to an existing system called demand response (DR).

JOIN TO OUR TELEGRAM CHANNEL

ALL THE LATEST BREAKING NEWS ON TELEGRAM

Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.

As a reminder, back in October, the firm developed an inter-bank settlement system using the tech in an attempt to achieve low-cost transfer of smaller transactions. Last June, the firm launched a blockchain-based data storage system that can be used by retail merchants to tokenize traditional promotional tools such as coupons and reward points.

Have your say!

0 1

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Lost Password

Please enter your username or email address. You will receive a link to create a new password via email.

Sign Up