National Grid Qinghai Branch uses blockchain technology to promote energy transformation

On June 28th, the China Economic Net issued a document "The Great Steps of Qinghai Energy Transformation." The article pointed out that in order to help Qinghai clean energy, especially the large-scale development and utilization of new energy, the State Grid has carried out a number of research projects, technological innovations and exploration practices in Qinghai in combination with the ubiquitous power Internet of Things. The power market trading platform based on blockchain technology pioneered by State Grid Power Company in Qinghai can realize the functions of intelligent contract, integrity transaction and information transparency among multiple transaction entities, and accurately record energy flow in the blockchain. Information flow and capital flow provide technical support for multi-variety power transactions.