Edison the Blockchain platform for power and housing and public utilities

2019: Announcement of the Edison platform

On December 4, 2019 the Digital Horizon company together with JSC Gazprombank submitted the project ― the intellectual Edison blockchain platform developed for energy market and housing and communal services.

According to the company, the Edison platform ― this solution which will make calculations in power and housing and public utilities more transparent and also will allow suppliers of resources to work more effectively with debtors both among end consumers, and among sales and management companies. According to the Ministry of Construction, Housing and Utilities of the Russian Federation for September 1, 2019, the total debt for resources made 1.3 trillion rubles. From them 800 billion rubles ― are long the population, 434 billion rubles ― the industrial and other organizations, 60 billion rubles ― budget organizations. At the same time the lack of trust between participants of calculations because of the shortage of authentic data at what stage receivables were created remains a big problem in retail market of energy resources: quite often end consumers regularly pay resources, and failure occurs at money transfer from the management or sales companies directly to suppliers.

The Edison platform integrates all participants of the market of retail power in a common information space using smart contracts.

Process of interaction looks as follows:

• The "smart" metering devices installed on the side of the consumer transmit indications through IoT technology in the information complex (IC) of service provider or management company.
• From IVK data on consumption arrive on the Edison platform where become available to all systems and services of participants of calculations. On the basis of these data a bill which registers in a blockchain is made out the consumer.
• The consumer can pay the bill directly in a personal account ― in mobile application or the web version of service; the Edison platform is integrated with Gazprombank
• Payments are instantly split under the terms of smart contracts and arrive into the corresponding accounts of the participating companies of a system about what at the same moment record in their personal accounts on the platform appears.

In case of accumulation of debt the smart contract of the Edison platform allows to disconnect automatically the consumer from the electric power or other resource. Thanks to remote control of the "smart" counter it will take no more than five minutes: departure of specialists is not required, and all necessary document flow will be issued in a digital format. At debt repayment information on money transfer will appear in a system instantly, and repeated connection of the consumer will also take no more than five minutes.

All data (indications of metering devices, statistics of consumption, the current amount due, the history of payments, etc.) are available to participants of the entrusted information space, within uniform formats of interaction.