Ledger Origin to certify green energy on the blockchainhttps://energymanagementsummit.co.uk/wp-content/uploads/2019/03/Insurance-Clean-Energy.jpg 960 640 Stuart O'Brien Stuart O'Brien https://secure.gravatar.com/avatar/81af0597d5c9bfe2231f1397b411745a?s=96&d=mm&r=g
French blockchain security specialist Ledger has signed a partnership with Transatel to certify the authenticity and the origin of green energy.
Energy plants (solar plants, wind farms, etc.) need to measure the amount of electricity created through smart meters. Ledger Origin connects its own attesting device to smart meters to certify the genuineness of the green energy origin.
This amount is then transformed into tokens which are securely collected via Transatel’s IoT Connect solution and registered into an energy blockchain. The partners say research and development was a large part of the project, enabling verifiable traceability of green energy worldwide, through green certificates issuance for national registries and energy exchanges.
Pascal Gauthier, CEO of Ledger, said: “We deeply believe there is a strong demand for the digitalization and tokenization of physical critical assets. This is why we decided to create Ledger Origin, our new business unit dedicated to industrial players such as utility companies. Our blockchain and security expertise is a way to solve one of the most important challenges of the future for industries: certifying the origin of digitized physical critical assets.”
Jacques Bonifay, Transatel CEO, added: “Transatel is honoured to be signing an agreement with a leader in blockchain, because blockchain will be one of the key technologies to secure IoT transactions.”