One device to rule them all
MyPower is ledger agnostic and interoperable with different smart grid systems.
Settlement layer automates transactions between distributed ledger(s), grid(s) and consumers.
All transactional data encoded in blockchain creates a record of a transaction and provides an immutable trail that can streamline auditing and reporting.
In most of the current electricity markets, reconciliation and settlement of transactions takes anywhere from 5 to 90 days. MyPower enables up to near real-time settlements.
Removing the middlemen
Smart contracts can automate numerous processes while avoiding the services of a middleman.