Blockchain and ubiquitous power Internet of Things, the affectionate embrace of two "Internet celebrities"

Red, everything is for a reason.

Half a month ago, the top leaders of the country pointed out that it is necessary to accelerate the development of blockchain technology and industry innovation and take blockchain as an important breakthrough for core technology innovation. For a time, the long-dormant blockchain technology stood at the forefront and became the "strongest Internet celebrity". On the one hand, stocks continued to rise, and the capital circle was boiling; on the other hand, all walks of life quickly started or promoted the layout of blockchain. It can be foreseen that the attention at the national level will bring huge opportunities to blockchain technology and applications.

Friends in the stock market must remember that at the beginning of this year, the State Grid Corporation of China proposed the new era development strategy of "three types and two networks, world-class", and actively promoted the construction of ubiquitous power Internet of Things. The ubiquitous power Internet of Things that suddenly appeared caused dozens of stocks to hit the daily limit, and also caused a lot of splashes in various industry circles.

What is the driving force behind “God Synchronicity”?

Surprisingly, in the past year, while State Grid has been continuously promoting the construction of ubiquitous power Internet of Things, it has actually already quietly started the layout of blockchain. Let’s look at this timeline:

On March 28, the Power Application Experimental Base of the Blockchain Key Laboratory of the Ministry of Industry and Information Technology was established at the State Grid E-commerce Company; on May 15, the trusted blockchain public service platform for the power "Internet +" business was selected as a pilot demonstration by the Ministry of Industry and Information Technology; on August 22, the first blockchain professional company of a central enterprise, State Grid Blockchain Technology (Beijing) Co., Ltd., was established; on September 18, the "Trusted Blockchain Public Service Platform for Power 'Internet +' Business" project was appraised by the Chinese Society of Electrical Engineering and reached the international advanced and domestic leading level; on October 18, the State Grid E-commerce Company passed the blockchain information service registration of the National Cyberspace Administration of China...

What is the driving force behind such "perfect synchronization"?

"Base" and "Top-level Design"

Electricity has become a necessity for people's production and life. For everyone, the external manifestation of electricity may be just lighting the lights in the room or cooking rice in a rice cooker. In fact, when you press the switch, what is under your fingertips is the most complex man-made system to date. The ubiquitous power Internet of Things is to use the power grid as a hub, play a platform and sharing role, and realize ubiquitous Internet of Things.

The current blockchain and the construction of ubiquitous power Internet of Things have corresponding characteristics. Yan Yong, chief blockchain scientist of Zhejiang Electric Power Research Institute, said: "The characteristics of blockchain, such as smart contracts, group collaboration, peer-to-peer communication, decentralization, underlying platform, openness and transparency, are exactly in line with the equipment intelligence, multi-energy coordination, information symmetry, decentralized supply and demand, flat system, and open transactions of the energy Internet."

The key to this one-to-one correspondence is that it can solve practical problems. The technical characteristics of blockchain technology, such as distributed storage, tamper-proof, traceability, and multi-node sharing, can effectively break through the barriers of power information and realize the value of power data. It can serve as an important technical means to support the construction of the underlying infrastructure of the ubiquitous power Internet of Things.

It can provide a solid trust foundation, reduce the trust cost of the whole society, create a good network security trust environment, improve coordination efficiency, reduce operating costs, and effectively solve the problems of data integration, network security, and multi-subject coordination faced in the construction of ubiquitous power Internet of Things. Only by building a good underlying foundation can we leave enough room for the top-level design.

Blockchain runs through multiple links of the power grid

According to Wang Dong, head of the State Grid Blockchain Company, the power industry is an industry that applied information technology earlier. The planning and design, infrastructure, power generation, transmission, and power supply of the power system are all inseparable from the support of information technology. Blockchain technology is a technology that can achieve holographic perception and ubiquitous interconnection. It can be said that blockchain can be used wherever there is information data.

For example, demand-side response is to use economic incentives to encourage electricity users to use less or more electricity during peak or low electricity consumption periods to achieve a balance between power generation and consumption in the power grid. Using blockchain technology, real-time load data is uploaded to the chain and provided to relevant stakeholders such as power grid companies, energy bureaus, and users. This can ensure data consistency among different entities. Users can query relevant data on the website and verify the uploaded data. Using blockchain technology can eliminate users' doubts about response data, power grid companies can "prove their innocence", and energy bureaus have better supervision methods, which can reduce supervision costs and improve supervision efficiency.

Specifically on the user side, the advantages of blockchain in privacy protection and data sharing can provide electricity users with better services and benefits. For example, home appliance companies have various operation and control data of home appliances and have the technical strength to achieve energy conservation and emission reduction of home appliances. The power grid has the data of household electricity consumption and has the demand for energy saving and load reduction. Based on blockchain technology, the advantages and needs of both can be fully integrated. Home appliance companies and power grids can realize the trusted sharing of various data of home appliances on the premise of ensuring their respective data rights and security. Based on more complete data, on the one hand, it can further promote the improvement of the level of intelligence of home appliances and enhance customer experience; on the other hand, home appliances can respond to electricity load demand in a timely manner and better achieve energy conservation and emission reduction. Customers can also obtain certain benefits such as energy-saving subsidies from the power grid.

In this scenario, the mutual trust mechanism based on blockchain technology has better solved the problems of customer privacy protection and mutual trust and sharing of data between home appliance manufacturers and power grids. It can be said that through the application of blockchain technology, all three parties can get what they need and achieve mutual benefit and win-win results.

In short, in terms of the underlying foundation, the interconnection of all things in the ubiquitous power Internet of Things coincides with the peer-to-peer consensus mechanism of the blockchain, which can help complex power grid platforms break down data barriers while ensuring information security. In terms of top-level applications and designs, every link in the power system has the potential to produce high-quality blockchain landing projects. It can be said that these two "Internet celebrities" are an excellent CP.

Recently, the State Grid Corporation of China publicly released the "Ubiquitous Power Internet of Things White Paper 2019". The research on new energy business models based on blockchain is one of the 57 ubiquitous power Internet of Things construction tasks. Some people predict that the combination of ubiquitous power Internet of Things and blockchain may trigger the fourth technological revolution. Is it really that powerful? We will wait and see.

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