Power Ledger and Mahindra to Roll Out Blockchain-based Microgrids Across India

Mumbai-based conglomerate Mahindra and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based peer-to-peer electricity Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term Power Ledger have announced a series of trials to bring energy microgrid technology to India’s urban population, via Microgrid-as-a-Service.

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Atul Kunwar, President and CTO, Tech Mahindra, said: “Tech Mahindra’s belief in its internal start-up to bring digital disruptions to different industries is proved by the success of MaaS in the energy industry. This disruptive technology will provide a model for energy service provision for thousands of communities across India, and this will also benefit markets like the US, Canada and UK for modernisation of grid through microgrids. Many of our existing customers are looking forward to use the platform.”

Finance Magnates recently interviewed Dave Martin, the MD of Power Ledger, to talk about the project.

David Martin, Managing Director, Power Ledger, said: “Trialling the energy trading platform in a market like India is a major opportunity to change the way communities sourced the energy required to take part in a modern global economy. Bringing autonomous, largely renewable microgrids integrated with Power Ledger’s technology to India, in partnership with Tech Mahindra, would give us a chance to demonstrate the potential of cutting-edge technologies and unlock the economic opportunities that flow to communities from having a secure energy source.”

The trial will initially involve Power Ledger using consumer data from Tech Mahindra’s sites to prove the accuracy and security of the former’s trading platform. This will also help Tech Mahindra to explore the value proposition for consumers and understand the regulatory and technical implications of the peer-to-peer trading model.

The trial will begin in late 2017 at Tech Mahindra’s campuses in India and run for a period of twelve months.