Electricity distributor Alectra Utilities and interbank network Interac are collaborating to boost the use of renewable energy through financial incentives . It's an indication that Interac is looking at new business models and ways of working with partners that encompass blockchain principles and the need to send information in verified and validated ways, at relatively low cost, with the right amount of delegation and control among different partners. 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 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 .