The Korean government is planning on building a blockchain-based virtual power plant in Busan City.
A virtual power plant refers to a power supply system that operates by integrating multiple electricity generation sources, whether they be public, corporate or retail.
The project, proposed by Busan City, Nuri Telecom, Pusan National University, Busan City Gas, and Korea Industrial Complex Corporation, will be based on a ‘blockchain of citizen participation’.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
