Electricity market, document certification, parcel tracking and other blockchain initiatives

Blockchain technology remains one of the hottest trends among financial, government and corporate entities worldwide. ForkLog offers an overview of the most noteworthy recent initiatives.

Australia to test blockchain for the energy market

The Australian energy market протестирует integration of renewable energy on the blockchain under the Project Edge programme.

The DER Marketplace solution is being developed in partnership with energy company AusNet, firm Mondo and technology partners Energy Web, PXiSE and Microsoft.

A$13 million will be spent on the trial (about $9.44 million at the time of writing). The programme aims to aggregate distributed energy resources at home to create a source of energy similar to a power plant.

The initiative will allocate resources to meet demand during peak periods. The blockchain will help create a market that financially incentivises households to contribute excess capacity to the grid.

Telefónica integrates blockchain for document certification

The Spanish telecommunications company Telefónica launched a blockchain-based certification service via its own TrustOS platform. According to Ledger Insights.

The service will help corporations authenticate documents and transactions by generating digital proofs of authorship. The blockchain will provide assurance of the authenticity of information.

The platform includes digital signatures of users with fingerprints or document hashes and timestamps. The initiative will speed up the paperwork and prevent document forgery.

Strait Brands to integrate Cardano blockchain

The Australian spirits producer Strait Brands интегрирует blockchain Cardano to track supply chains to prevent counterfeit products.

Under the partnership the company will use the Atala SCAN platform developed by IOHK. The developers promise provenance tracking, increased logistics transparency and storage of authentic product data.

For consumers to access information they will simply scan the label code.

Russia’s Post to deploy blockchain for parcel tracking

As part of its digital transformation strategy планирует интегрировать blockchain for supply-chain tracking.

Project testing could begin in Q3–Q4 2023. The full deployment of the service is planned for 2023–2025.

The blockchain is said to help reduce the number of lost parcels. A final decision on the project has not yet been made; it is to be coordinated with the Ministry of Digital Development, Communications and Mass Media of the Russian Federation.

Also on ForkLog:

• Ernst & Young интегрировал протокол Polygon for scaling Ethereum solutions.

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