One of Australia's largest utility providers is working with blockchain startup Power Ledger to test a new energy trading platform.
Origin Energy works in a number of energy fields, including power plant operation, natural gas processing and both commercial and domestic power delivery. As such, the project will see the company using the trial platform to connect customers who want to either buy or sell excess energy, with blockchain creating an immutable record of where energy is being allocated.
With the trial, Origin becomes the latest utility firm to examine the tech's potential in the sector. Major industry companies including BP, Wien Energie and Sweden's Vattenfall have embarked on efforts of their own in recent months, positioning those projects as ways to explore new ways of doing business.
Full story at http://bit.ly/2yvPmaX
Source: CoinDesk
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