South Korea: Largest energy supplier plans to block chain-based power grid

the The Tech-Nation South Korea distinguishes itself more in terms of Blockchain-application. As the Korea Electric Power Corporation (KEPCO) informs, the company plans the application of the Blockchain technology in locally defined grids.

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21. November 2018 share Facebook Twitter LinkedIn xing mail

to prevent The "Future Micro Grid", as that is a major project, in particular, supply shortages. For this, KEPCO is fully committed to the Blockchain. Like the company on 18. November announced plans to the electricity supplier is a kind of decentralized network, in which different energy producers to feed in electricity. Reported to this in particular renewable energies should be promoted.

Use Case-grid

To use the Blockchain technology companies is to come, according to the so-called island networks. The are spatially separated electricity grids, which are fed from a relatively small number of electricity-only plants. In contrast to the grid-Microgrids", as a rule, come out "in secluded areas.

according to The report, the energy food suppliers, the decentralized mini-grids, especially with renewable energies. Through the use of the Blockchain technology, the operator of supply, which will eliminate bottlenecks that occur in Microgrids often.

Because of the resource trading between the various island networks due to the different technical Standards is often difficult. The use of the Blockchain technology could provide in this application field, therefore a real value.

power supply

Furthermore, KEPCO announces to bring the energy storage systems in the grid on the cutting edge of technology. The company relies on hydrogen technology. So excess electricity is converted into hydrogen and, as such, to use remain in memory. KEPCO promises to be characterized by a greater independence of the whole of the Microgrids, as well as lower greenhouse gas emissions.

CEO Kim Jong-gap in the project, accordingly, is an Association of the most important Trends in the energy industry:

"The three most important Trends for the future of the energy economy, the Decarbonization, decentralization and digitization. In the framework of this project, KEPCO, shows how quickly change can be accomplished. We will go as an energy platform a step forward and the digitalization of the industry.“

South Korea's next big steps in the direction of the Blockchain-adaptation. The recent Coup of the East Asian state is the establishment of the "Blockchain Special Committee" in the province of Gyeongsangbuk.