Fujitsu Works With Energy Supplier To Blockchain-based Exchange System For Electricity Consumers
Fujitsu Limited and Fujitsu Laboratories Ltd. announced that they have applied blockchain technology to develop a system for trading related to energy shortages and surpluses among electricity consumers, including factories and retail stores.
A simulation was conducted in concert with ENERES Co., Ltd. in Japan's energy market
"Fujitsu has now devised a system in which electricity consumers can efficiently exchange among themselves the electricity surpluses they have produced through their own electricity generation or power savings. The company then applied blockchain, and with the cooperation of ENERES Co., Ltd., the system was used in a simulation using the actual data of electricity consumption. The result was an approximately 40% improvement to the DR success rate," the company said