Fujitsu, a Japanese IT company, announced the completion of the development of a blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details system for the distribution of electricity between corporate consumers – as reported by CoinDesk news agency.
On January 30, Fujitsu, the Japanese IT giant, announced the development of a blockchain-based system for the exchange of electricity between corporate consumers. The main goal of the new technology is to provide a more stable power supply during peak periods, as well as savings.
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Fujitsu blockchain in power consumption in Japan
On Wednesday, January 30, the company also announced the successful testing and patenting of a new blockchain system. According to the information on the official website of the company, the innovation was developed with the support of the ENERES energy company. The test results showed that the power distribution achieved an approximate 40 percent improvement over the previously existing DR system.
As it became known, DR technology allows customers to balance "supply and demand" by "reducing or shifting electricity consumption during peak periods, instead of counting incentives". According to Fujitsu, DR technology needs to be improved, since "in the modern world it is better to cooperate with its customers on an individual basis, without intermediaries."
The blockchain-based Fujitsu system quickly calculates how much energy is available to sellers and compares it with available purchase orders to get a faster response during peak periods of resource use. According to a joint study with the ENERES company, the Fujitsu system not only contributes to energy savings, but also can fulfill quick orders on consumption without losing energy.
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Fujitsu presented the blockchain system for power distribution in Japan. Recall that in the recent past, Fujitsu also created several tools and systems based on the blockchain for interbank settlements.
Editor: Pereyidenko Ihor