BSES launches blockchain tech platform for power trading


BSES launches blockchain tech platform for power trading

In a major environment-friendly digital initiative, Delhi electricity distribution company (discom) BSES on Wednesday announced that BSES Rajdhani Power Ltd (BRPL) has partnered Australias Power Ledger, a global leader in blockchain technology, to launch consumer-to-consumer (peer-to-peer or P2P) solar power trading on a trial basis.

A BSES statement said that Power Ledger’s blockchain-based platform can enable consumers even without rooftop solar, to trade power between themselves.

According to the company, BRPL has, thus, become India’s first discom to use a blockchain-based platform for P2P solar trading.

“A feasibility study has been successfully undertaken. The offering will rolled-out, once the regulatory approvals are in place,” it said. Read More

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