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Japanese Major IT Company Fujitsu Finishes its Blockchain-Based Project on Power Sharing

blockchain electricity management

Fujitsu, Japanese IT Giant has successfully completed tests of blockchain solution focused on the issue of ineffective electricity excess management. The firm has partnered with local electricity company working on the Demand Response principle.

The key idea of DR principle involves signing agreements between suppliers and consumers to enable the distribution of power surplus to users who need it during the demand peak. There has already been a previous system complied with such conditions, but its operation was inefficient.

Fujitsu has finally launched a blockchain-based solution which provides efficient power surpluses exchange between consumers. The network deals with electricity generated by themselves and can improve DR success rate by 40%. The company also expects efficiency increase can result in the growth of DR users.

Earlier, Fujitsu has already made some attempts of blockchain implementation. Japanese IT giant launched a blockchain-based loyalty scheme for the retail sector last year.

Blockchain can significantly improve projects in different areas, the energy industry is not an exception. If you are looking for Blockchain Development Teamto implement your idea, don’t hesitate contacting to get your free consultation from our experts.

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