Blockchain-Shared Economy | Blockchain Development Company

Shared Economy

Engagement Model

Offshore - Fixed Price

Client Location

Client Description

Client was a leading software consulting company in India. They wanted us to demonstrate how Blockchain can be beneficial in building shared economy for energy where anyone can participate and trade.

Blockchain Service Offered

Use Case Discovery & Prototyping

Technologies

Ethereum, Java, SmartContract, IoT, IBM Watson

Target Industries

Industry agnostic, Energy, E-Vehicle Charging, Government

Value Add

Renewable energy Verification
Seamless Customer Experience
Support Industry, Corporate and Individual
Frugal

Solution Highlights

Peer-to-peer communication using decentralized storage to record all transactional data.
Auto-accountable recorded in a chronological fashion on the blockchain consortium.
Current ownership and state of electricity connected direct to the production using IoT.
Renewable energy certification at real time with asset management before consumed.
Provenance of electricity to say where the electricity is coming from.
Tracking of origin location of electricity till it gets consumed.