With summer temperatures climbing and production rising in the wake of the pandemic, power providers in Dongguan, an industrial city in the Chinese province of Guangdong, said they have experienced a massive surge in demand – and are responding with a blockchain-powered solution.
The initiative is the brainchild of the Guangdong branch of the state-owned power provider China Southern Power Grid. And per JRJ, the energy provider has also teamed up with a local power-related tech firm, as well as academics based in the province to create a pilot for a smart energy use solution.
The solution, reported the media outlet, makes use of blockchain technology to identify real-time changes in demand – allowing power providers to ensure that they can meet fast-changing demand.
Demand figures feed into a blockchain network, and the parties stated that this will help it win the trust of power providers, regulators and end-users alike.
Last month, China Daily (via News Guangdong) reported that power consumption is rising fast in Dongguan, stating that the city’s “highest power load was 16.93 million kilowatt-hours, up 1.8% from last year's highest point.”
China Southern Power Grid stated that demand was up this year all over Guangdong province, reporting that peak power load “reached 123.81 million kilowatt-hours” on July 14, “up 1.51% over the highest load recorded last year.”
As previously reported, China’s other state-owned power provider, the State Grid Corporation of China, has launched its own blockchain network, with two provincial power companies now running nodes.