Fujitsu is preparing to launch demand side response technology using blockchain to facilitate energy trading between utility firms and consumers and control electricity use during peak periods. The technology company’s system trades power surpluses, utilising blockchain to secure more successful outcomes. Fujitsu recorded a 40% improvement during a simulation with Japanese utility Eneres, stating the system was resulting in more accurate, quicker and transparent trades. It plans to test the system further in the real world and is aiming to commercialise it by May last year.
Fujitsu is preparing to launch demand side response technology using blockchain to facilitate energy trading between utility firms and consumers and control electricity use during peak periods. The technology company’s system trades power surpluses, utilising blockchain to secure more successful outcomes. Fujitsu recorded a 40% improvement during a simulation with Japanese utility Eneres, stating the system was resulting in more accurate, quicker and transparent trades. It plans to test the system further in the real world and is aiming to commercialise it by the end of the 2019 financial year.