Energias de Portugal (EDP) Uses Blockchain For Energy Consumption Tracking

Energias de Portugal Uses Blockchain Technology So As To Record Energy Consumption

The company Energias de Portugal, also known as EDP, wants to use blockchain technology in order to estimate and record the vitality utilization and dispersed age originating from buyers. The firm is the main organization in advancement in the Brazilian electric field.

This is a very important arrangement because it deals with the vitality created by the sun oriented plants.

Another company participated in the partnership, the Austrian Innovation Leader RIDDLE&CODE. The partnership will be enhancing administrating vitality stream after associating three parameters: wholesaler, shopper and appropriated age plant.

Livía Brando, EDP’s Executive Innovation Manager, commented:

“The usage of this creative arrangement made it conceivable to change a perplexing procedure into something basic, powerful and alright for the gatherings included, empowering the utilization of conveyed vitality in Brazil.”

The CEO of RIDDLE&CODE, Alexander Koppel, said that they have built a safe, financially savvy and adaptable arrangement by joining Energias de Portugal.

It is important to mention that RIDDLE&CODE is a European pioneer in blockchain interface arrangements. They have a team of experts and a specialized equipment that allows organizations to ace difficulties related to machine personality, item provenance, ad store network administration.

There are other electrical companies working with blockchain technology with the intention to improve efficiency, control and offer a better service.

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