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TEPCO And Itochu Partners Up To Develop Blockchain-Based Electricity System

Dawn Wu

Summary: Two major Japanese companies are partnering up to build a blockchain-based system to trade surplus electricity among households, according to local media.

Two major Japanese companies are partnering up to build a blockchain-based system to trade surplus electricity among households, according to local media. 

The Tokyo Electric Power Company (TEPCO), which supplies Japan’s Kanto region, including Tokyo, and trading giant Itochu Corporation are collaborating to construct an AI-equipped storage battery and a solar panel to control power generation. The implementation is expected in three years.

By Dawn Wu

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