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Australian government will give off money for Blockchain Energy Pilot

The Australian government has announced that it will provide grants in the amount of AU$8 million (about US$6 million) for a project to create smart utility services with a blockchain.

20.Nov.17 2:08 PM
By Daria Zaytseva


Australian government will give off money for Blockchain Energy Pilot

The funding will provide a grant of AU$2.57 million to the project, which will be created in the city of Fremantle. Through the partners of the project, including the blockchain company Power Ledger, another AU $5.68 million will be provided.

According to the company's blog, the pilot has been created to study how cities can use blockchain technology and data analytics for to power distributed energy and water systems. The test is being conducted with academic and technology partners, including the University of Curtin, Murdoch University, LandCorp, CSIRO and Cisco.

The University of Curtin should monitor project management and conduct research supporting the trial.

Power Ledger, the post state, is providing a transactional platform for renewable assets, as well as the ownership model for the"precinct sized" battery.

The federal grants are being provided through the government’s program Smart Cities and Suburbs, with the support of the Australian Energy Market Operator (AEMO), Western Power and the CRC for Low Carbon Living.

It is expected that the pilot will begin within two months and will last two years, the post said.

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