Rosseti began to use a blockchain for electricity metering

In December, 2019 Rosseti announced start of a pilot project on use of a blockchain for automatic electricity metering. Such system for the electric grid company, largest in Russia, was developed by Waves.

The solution is directly integrated with  electric power metering devices  and also with  bank. As the partner of Waves Enterprise in  this project Alfa-Bank which organized a chain of payments from  the end user to  the network and  sales companies acted.

Data on  electricity consumption directly from  the counter are transferred by a specific household to  a blockchain and  displayed in  the application. The consumer can  monitor  an electric power expense in real time. The application analyzes energy consumption and  can, for example, recommend to the user to pass to  more profitable rate.

Rosseti began to use a blockchain for electricity metering

The consumer pays the electric power  according to  the invariable and  reliable data written in  a blockchain. Then the smart contract automatically "splits" its payment: the sales and  network companies receive   the payment share which is due to it.

In plans Rosseti — completely to exclude cases of manipulation of information in power market, including concerning electricity metering and payments for it. For this purpose the company carries out the project consisting of three stages which purpose — gradually to implement automation in scales of the whole country — reported TAdviser in the company.

The pilot project was implemented in  the Kaliningrad and  Sverdlovsk regions. System availability terms in other regions it is not announced.^[1]

The second stage of project implementation will cover all consumers of the electric power in pilot territories (Yekaterinburg and the Kaliningrad region), and at the third stage a system should be replicated on all territory of presence of PJSC Rosseti.

As noted in Rosseti, the solution to use a blockchain is caused by opacity of a system of interactions and  exchange of information between the generating, network and  sales companies  and also consumers of electrical energy. It, in turn, conducts to a problem of non-payments.  According to  the Government of the Russian Federation, the total debt for  the electric power for   September 1, 2019 made  1.3 trillion rubles from  which  800 billion rubles were the share of  households, reported in the press service of the company.

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