It is planned that the technology will enable energy consumers to perform all transactions in the network.
The US Department of energy is studying the possibility of using blockchain technology to prevent cyber attacks on energy facilities. This was reported on the website of the National laboratory of energy technologies, which is a division of the US Department of energy.
They want to use blockchain to decentralize the power system, so that the data that hackers attempt is not stored in one place. Blockchain shows the real state of the power system, while earlier in cyber attacks the system continued to demonstrate the normal situation, with millions of consumers left without light, according to a press release of the laboratory.
The technology will allow to control the operation of energy facilities and enable producers and consumers of energy to perform all transactions in the network.
Earlier, the US Department of energy allocated a grant of $1 million to finance the startup, it is engaged in the development of blockchain technologies for energy. The Ministry also allocated nearly $5 million for University research in this area.