Korea Electric Power Corporation (KEPCO) has announced it would use blockchain-based and other digital technologies in its development of a new microgrid product.
KEPCO is the largest South Korean manufacturer that is responsible for generation & supplying of electricity and the development of electric power and the development of electric power projects (nuclear, wind and coal power).
The announcement states that KEPCO is pursuing "KEPCO Open MG Project" to develop "Future Micro Grid (MG)". It’s said that KEPCO Open MG is an “open energy community” which is consist of digital techs such as energy solution and blockchain.
With the help of decentralized tech, KEPCO wants to increase the energy independence rate and efficiency.
Despite the situation on crypto space, blockchain is doing quite good, including the fact that previously the U.S. Senate even decided to discuss using blockchain in the energy sector in order to find out if this technology is capable of improving the industry.
It’s also worth noting that South Korea is trying to do its best to make the blockchain adoption faster and simpler. Myongji Hospital, which is considered to be one the South Korea’s largest hospitals has concluded a partnership with a Korean tech company in order to develop a medical services platform on blockchain technology.
Earlier, the Ministry of Science and ICT of South Korea announced a six-month course on learning the distributed ledger technology. The aim of the courses was to increase the number of qualified specialists in the developing blockchain industry of the country.
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