blockchain

KYOTO, Japan (February 25, 2019) — Kyocera Corporation and New York-based LO3 Energy today announced a joint project to test the feasibility of a blockchain-managed virtual power plant (VPP) utilizing a peer-to-peer distributed consensus network. The test will start Feb. 28, 2019 at Kyocera’s Yokohama Nakayama Office in Kanagawa Prefecture, Japan, where a small VPP will […]

What began in the world of finance has moved into the power sector. Blockchain, a nascent technology most often associated with cryptocurrency, is a new frontier in the energy space, changing the way power is

The South Korean government has pledged 4 billion Korean won (about $3.5 million) to support a blockchain-enabled virtual power plant (VPP) in Busan, the country’s second-most-populous city after Seoul. Busan officials said they have selected a project to build a VPP on a “citizens-shared” blockchain. Technology Aggregates Resources, Standardizes Transactions A VPP is a cloud-based […]

A subsidiary of grid operator PJM Interconnection has joined with a Switzerland-based group to build and evaluate a blockchain-based tool to help the U.S. power generation industry. Energy Web Foundation (EWF) and PJM Environmental Information Services (PJM-EIS) on October 25 said they would collaborate on developing and testing a reference implementation of EWF’s open-source Energy […]

Glenn Reitman, Mark Radcliffe, Deanna Reitman DLA Piper Introduction Blockchain technology (sometimes referred to as distributed ledger technology) is the technology behind cryptocurrencies, such as Bitcoin and Ether (the cryptocurrency of the Ethereum blockchain), and it is fast becoming a platform for innovation in peer-to-peer transactions.  In this article, we attempt to consider blockchain technology in […]