IIMA and Telangana government to develop electricity trading platform for consumers
Team Careers360 | July 24, 2019 | 02:37 PM IST | 1 min read
NEW DELHI, JULY 24: An academia-industry consortium led by IIM Ahmedabad is all set to build a consumer-to-consumer electricity trading platform in Telangana. The project under the global Smart Grids innovation challenge was awarded to the IIMA-led consortium by the Department of Science and Technology, Government of India.
IIM Ahmedabad will be collaborating with the Government of Telangana to implement the project focusing on creating a Blockchain-based platform. It will be deployed in Telangana as it has a Blockchain district initiative wherein such projects are promoted, incubated and nurtured.
The project aims to increase transparency and efficiency in transactions in the power sector through the application of Blockchain concept in power trading at consumer levels. This assumes significance as renewable power generation systems are being implemented as a national policy by the Government of India.
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