Waves Enterprise’s solution: a new approach to recording electricity consumption

In the second stage of Rosseti’s project, a contest will be announced and applicants will be offered technical specifications for developing an enterprise solution. Based on the contest’s outcome, a contractor for the entire automated electricity metering program in Russia will be selected.

However, regardless of the contest’s outcome, a number of electricity sales and grid companies have already expressed interest in Waves Enterprise’s solution.

Meanwhile, the power industry is one of the most promising fields for blockchain adoption on a global scale. As of late summer of this year, the total investment in blockchain projects in the electricity sector reached almost $600 million. This investment, according to a report by the company MindSmith and the Energy Center at Moscow’s Skolkovo management school, went to 234 blockchain projects.