Incorporating blockchain into power eco-point system
This eco-point PoC project adopted Rablock blockchain technology in order to store eco point exchange transactions between power providers and consumers in blockchain. It issues certificate of electric power eco points, purchase history of eco points (electric bikes, cars) by consumers, linked with smart meters and electric stand.
Determinants
- Non-cryptocurrency implementation
- Blocks can be designed flexibly (flexibility of certificate unit)
- Easiness of customizing the trading model
Features
- Provision of electric power eco-points and on-chain purchase data
- Scalability (can be geared to smart meters)
- Easy to incorporate eco-point transaction rules
- IoT compatible (smart meters, electric stand, etc.)
- Expected effects
- Validity of the power eco-point system
- Stable operation
- Scalability (nationwide)
- Linked with diverse IoT devices
