Electricity distributor DLT and interbank network Payment is delivered on Interac's pre-existing network and infrastructure rather than a permissionless blockchain. Interac are collaborating to boost the use of renewable energy through financial incentives. The one Interac corporations are exploring the use of distributed ledger technology ( Alectra Utilities ) 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 ($ about $100 ) over a two month period.
Electricity distributor DLT and interbank network Interac are collaborating to boost the use of renewable energy through financial incentives. The one Interac corporations are exploring the use of distributed ledger technology ( Alectra Utilities ) to reward individuals for grid-efficient use of renewable power, such as minimising the draw during peak hours . By using IBM 's Hyperledger blockchain technology, the partnership can make almost instantaneous payments, with pilot users earning an average of CAD100 ($ about $100 ) over a two month period.