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.
Follow us for the latest education news on colleges and universities, admission, courses, exams, research, education policies, study abroad and more..
To get in touch, write to us at news@careers360.com.
Featured News
]- CISCE schools can continue to teach foreign languages as 3rd option: Board secretary
- ‘Fix schools, create jobs’: West Bengal voters cut through election noise with education, employment demands
- BBAU Lucknow student’s death sparks protests against hostel food, curfew; proctor denies link
- Fees to social media-use: What NCAHP’s first ethics code for allied, healthcare professionals says
- NMC junks 150-seat MBBS cap, population rule; sets 10 km limit for medical college-hospital distance
- Suicides, opaque placements, caste: IIT Bombay, Kanpur’s student journals dare to ask the tough questions
- ‘Not just academic, but personal’: NSUT Delhi takes AI beyond BTech, across non-engineering courses
- AI judge, cyber law courses, scholarships: GNLU is revamping LLB degrees to make students courtroom-ready
- CBSE third language policy throws French, Spanish, German teachers across schools into crisis
- With CSE surge, these specialised BTech courses are vanishing from engineering colleges