Tokyo Power Company to Use Blockchain for Trading Electricity Surplus

[Tanimariya]

Tokyo Electric Power Company Holdings Inc partnered with Itochu Corporation to start building a blockchain-based system to trade electricity surpluses.
Tokyo Electric Power Company Holdings Inc (Tepco) partnered with Itochu Corporation, a Japanese major trading company, and started building a blockchain-based system to trade extra electricity.

According to Nikkei on June 18, the new system will be available to households in Japan within three years. The firms plan to collaborate with local governments and start a proof-of-concept by March 2021.

If successful, it will be the first instance of surplus electricity trading between households in Japan.
Read more: https://cointelegraph.com/news/tokyo-power-company-to-use-blockchain-for-trading-electricity-surplus