Electricity distributor Alectra Utilities and interbank network Interac are collaborating to boost the use of renewable energy through financial incentives . The two Canadian corporations are exploring the use of distributed storage technology ( DLT ) to reward individuals for energy - efficient use of renewable power , such as on the grid during peak hours . By using IBM 's Hyperledger blockchain technology , the partnership can make almost instantaneous payments , with pilot users earning an average of CAD100 ( $ 75 ) over a 12 month period .
Electricity distributor Alectra Utilities and interbank network Interac are collaborating to boost the use of renewable energy through financial incentives. The two Canadian corporations are exploring the use of distributed ledger technology (DLT) to reward individuals for grid-efficient use of renewable power, such as minimising the draw during peak hours. By using IBM's Hyperledger blockchain technology, the partnership can make almost instantaneous payments, with pilot users earning an average of CAD100 ($75) over a two month period.