Major 4 Way Partnership Brings Blockchain Trial to Japanese Electric Power Supply

2018-10-19 01:35

A partnership between four major Japanese companies will be responsible for a research into the possible use of the blockchain technology in distributed electricity supplies across the country. The partnership will be made by Kansei Electric Power Co. (Kepco), Mitsubishi UFJ Bank, Nihon Unisys (an IT service management company) and the University of Tokyo.

The press release informs that the widespread need for renewable energy sources like power generation and the need to create a sustainable type of business around has put these companies together in this enterprise. They will work together to research the blockchain technology in order to trial a blockchain in electricity supplies that can be used later.

Nihon Unisys will be the one developing this new system while Kansai Electric will construct it and also demonstrate how the system can be used for experiments. The University of Tokyo will evaluate the research made in this joint venture and summarise it. Mitsubishi UFJ bank will give advice on how to apply the blockchain technology.

Similar Partnerships

Back in March, Chubu Electric Power Company, the third largest energy provider in Japan has used the country’s technology in a joint venture with the internet of things startup Nayuta Inc and software company Infoteria to use the blockchain to track electric vehicles while they are charging their energy.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Power Ledger (POWR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.3053
Капитализация $0 Rank 99999
Цена в час новости $ 0.1768 (-100%)

partnership power major electric blockchain japanese tokyo

partnership power → Результатов: 22


Xunlei and Newland Hi-Tech Group Partner for Blockchain Payment and Cybersecurity Solutions

Xunlei Partners with Newland Hi-Tech Group for a Digital Payment and Advanced Cybersecurity Solutions Xunlei, a blockchain powerhouse, has established a strategic partnership with Newland Hi-Tech Group, a top payment technology provider, to leverage the power of blockchain in managing online payments and digital identity, as well as tackling Cybersecurity. With the wide adoption of […]

2018-9-27 23:49


How Cardano (ADA) Plans to Solve Proof of Stake

Cardano (ADA)–Coming off the positive news of a potential partnership with Coinbase, Cardano’s ADA has benefited from a pump in price over the weekend.  Investors and enthusiasts alike seek to reverse the losses of 2018’s bear cycle, both in anticipation of the buying power of Coinbase’s 13 million+ customers and also in appreciation for what […] The post How Cardano (ADA) Plans to Solve Proof of Stake appeared first on Ethereum World News.

2018-7-15 19:49