Home » World’s Largest Utility Firm to Debut Blockchain-powered Digital ID Platform

World’s Largest Utility Firm to Debut Blockchain-powered Digital ID Platform

World's Largest Utility Firm to Debut Blockchain-powered Digital ID Platform

Supply: Adobe/iaremenko

An area department of the State Grid Company of China (SGCC) – the nation’s electrical energy monopoly and the largest utilities agency on this planet – mentioned that it has developed a blockchain technology-powered digital identification authentication system.

Per Shupeidian, the Anhui Province department of the SGCC mentioned it’s set to create a “digital ID card” that makes use of blockchain expertise to confirm consumer data on networks and guarantee safety.

The system will see the entire SGCC’s Anhui places of work share knowledge on a blockchain community with the province’s electrical energy data and communication middle, in addition to quite a lot of different energy provide corporations based mostly within the province.

The state-run agency mentioned that its new answer would “enhance the effectivity of identification authentication and keep away from system unavailability issues that is likely to be in any other case attributable to core server failure.”

The SGCC’s Anhui department added that blockchain expertise would assist create an attack-resistant system that enhanced the safety of ID authentication processes and improved administration effectivity.

The department is the primary SGCC to develop a blockchain technology-powered identification authentication answer, and mentioned it has been working with personal IT specialist corporations and central SGCC organs on blockchain-related options since 2018.

Earlier this yr, the SGCC said that it was set to launch a blockchain “lab” – a specialist analysis unit that can search to use blockchain expertise options to the monopoly’s enterprise and inside operations.

The grid additionally operates its personal mainnet and has this yr been registering blockchain-related patents at a quickly rising charge.
Study extra:
Non-Financial Bitcoin Use Circumstances: Digital Energy Vegetation & Digital Identities
Enterprise Giants New Consortium To Assist Companies ‘Handle Digital Belongings’
Toyota and Securitize Say They Have Developed a Blockchain ID Platform
Hairdryers and Kettles as Blockchain-Primarily based Provocations

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