Micro-payments and federated models of corporate control on permissioned networks are already well-known. 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. “Distributed ledgers can be used in a number of different ways – from helping people manage their finances by tracking how much money they spend on electricity or other forms of energy, to providing incentives that
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. “Distributed ledgers can be used in a number of different ways – from helping people manage their finances by tracking how much money they spend on electricity or other forms of energy, to providing incentives that