August 2020
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2020.08.05
Proof of Concept Study for Automated Settlement of P2P Electricity Trading Using Blockchain Technology
Proof of Concept Study for Automated Settlement of P2P Electricity Trading Using Blockchain Technology Promotion of Digital Currency for the Electricity Industry DeCurret Inc. (Head Office: Chiyoda-ku, Tokyo; President CEO: Kazuhiro Tokita, hereinafter “DeCurret”) is pleased to announce the successful completion of a joint proof of concept study with Kansai Electric Power Co., Inc. (hereinafter “KEPCO”) using digital currency in March 2020. The study confirmed the effectiveness of automated settlement of P2P electricity trades*1 using unique digital currency issued for the KEPCO project on a blockchain platform for issuance and management of digital currency built by DeCurret. DeCurret will continue to promote the use of digital currency by the electricity industry using technologies including digital currencies and smart contracts. Background The power supply system in the electricity industry is in the process of migrating from the conventional large and concentrated model to a diversified model involving individuals and corporate ownership
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