Blockchain is a distributed database system of recording information that shared among the nodes of computer network in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party. The goal of blockchain is to allow digital information to be recorded and distributed, but not edited. In this way, this technology is the foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed. This’s why this technology is also called Distributed Ledger Technology (DLT).
(Comfortable with fronend and backend Development)
(Fous on building distributed federated, continually Deployed software)
(Focus on Securing federated apps, database connected with Blockchain)
(Completing the journey to a Blockchain Engineer)
To align to the changing needs and technology trends in the Energy industry, Idam Infrastructure Advisory Pvt. Ltd., India has announced signing of Collaboration Agreement with Power Transition Ltd. (PTL), UK, to devise P2P business models using PTL technology in the Indian context.
Peer-2-Peer (P2P) energy trading, facilitated by technologies like Blockchain or Distributed Ledger Technology (DLT), have the potential to transform the energy grid, provide network optimization, manage and track losses. P2P energy trading can enable anyone to produce and sell energy to their peers, thus disrupting the traditionally centralized and heavily regulated energy sector across the world. PTL’s technology is unique in that it is built on the Hedera Hashgraph DLT network already used by the Australian banking system (EFTPOS), selected for speed, low cost of transaction and ultra-low carbon footprint which is scalable and ideally suited for the energy sector.
Power Transition to Collaborate With Idam Infra for Future Energy Systems in India