Last week, Chinese enterprise blockchain firm Hyperchain (Hangzhou Qulian Technology)
announced that it will create a solution for the country’s national grid. It has also been
reported that the firm will release a new version of its supply chain platform at a conference this week.
According to the company, China’s State Grid Corporation accepted Hyperchain’s bid for a blockchain solution to support internet of things (IoT) capabilities. The state energy body requested IoT proposals as part of its tech procurement program.
Hyperchain developed an
energy asset management platform with Green Ledger last year. While it is unconfirmed whether a similar platform will be used for the national grid, the Green Ledger project also focused on IoT and streamlining the flow of capital. Using blockchain, the firm immutability tracked data, with sustainable equipment such as photovoltaic panels, and enabled the trading of electricity on an open, transparent platform.
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