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Validating Hydropower data with Blockchain Technology
The goal of the internal R&D project in a joint effort from AFRY Austria and AFRY Sweden is to develop a blockchain application to validate operational level measurements from hydropower and to trade data automatically with the help of distributed ledger technology.
The goal of the internal R&D project in a joint effort from AFRY Austria and AFRY Sweden is to develop a blockchain application to validate operational level measurements from hydropower and to trade data automatically with the help of distributed ledger technology.
The blockchain technology will be used to eliminate the lack of trust among the acting institutions and to enable the automated and distributed validation of hydrological data with the inhouse developed consensus algorithm know as "Proof of Hydrology".
The HydroChain shall solve the following technical and social uncertainties in particular:
- The automated validation of hydrological data
- Enabling the cooperation of competing institutions
The HydroChain is to be used to improve the accuracy of hydrological forecasting and thus also the deployment planning and generation forecasts of hydropower plants.
PoC
PoC
Proof of Concept
Development of a Proof of Concept (PoC)
a. Preparation of the input data
b. Programming the blockchain
i. Permissioned Blockchain
ii. At least 3 nodes
iii. Distinction between endorsing nodes, committing nodes and ordering nodes
iv. Development of an Endorsement Policy
v. Installation of a billing system using tokens based on ERC20
c. Testing the system
MVP
MVP
Minimum Viable Product
Development of a Minimum Viable Product (MVP)
a. Extension to at least 25 nodes
b. Installation of a Governance System
c. Programming of the web interface to connect to the existing AFRY Hydro
DSS of AFRY Austria GmbH
d. Testing the MVP
Production
Production
Full Production Mode
Development of the operational system
a. Porting of the nodes of Docker Containers to executable nodes at the customers
b. Scaling to 100+ nodes
c. User Guide
Performance tests (scaling)-
Find more information here in a Video from Hyperledger Sweden Meetup hosted by Prajit Datta from AFRY Sweden, where Raimund Mollner from AFRY Austria introduces Blockchain projects for the Energy Industry & Hydropower
Find more information here in a Video from Hyperledger Sweden Meetup hosted by Prajit Datta from AFRY Sweden, where Raimund Mollner from AFRY Austria introduces Blockchain projects for the Energy Industry & Hydropower
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