State Grid frequently deploys blockchain to help build ubiquitous power Internet of Things

Beijing News (Reporter Lin Zi) On October 27, the State Grid announced that State Grid Blockchain Technology (Beijing) Co., Ltd. has been officially established and settled in the Xicheng Park of Zhongguancun Science Park.

In terms of equity structure, State Grid Blockchain Technology (Beijing) Co., Ltd. is a wholly-owned subsidiary of State Grid E-Commerce Co., Ltd. It is reported that State Grid Blockchain Company focuses on blockchain technology research, product development, public service platform construction and operation, and is positioned to create public technical means for the construction of ubiquitous power Internet of Things, realize the super link of the interconnection of all things, the security line of fair market transactions, and the credit guarantee of the digital economy.

The ubiquitous power Internet of Things is a major strategic focus that the State Grid is currently focusing on promoting.

In March this year, the State Grid held a teleconference in Beijing to deploy the construction of the "Ubiquitous Power Internet of Things". Chairman Kou Wei pointed out that the company's most urgent and important task is to accelerate the construction of the ubiquitous power Internet of Things. On October 12, Kou Wei said that this year is the first year of the construction of the ubiquitous power Internet of Things. Now there are less than three months to the end of the year. The company must make greater efforts and greater determination to ensure the completion of the annual construction goals.

According to official news released by State Grid today, the technical form of blockchain is highly compatible with the construction of State Grid Corporation's ubiquitous power Internet of Things, which can promote mutual trust between upstream and downstream industries, realize efficient data sharing, enhance risk prevention capabilities, and effectively solve the problems faced in the construction of ubiquitous power Internet of Things, such as data integration, network security, and multi-subject collaboration.

In the next step, State Grid Blockchain Company will leverage blockchain’s most powerful industry ubiquitous connectivity capabilities, the most flexible resource optimization and allocation capabilities, and the most efficient value co-creation and sharing capabilities to empower the development of hub-type, platform-type, and sharing-type enterprises, and comprehensively assist in the construction of a world-class energy Internet enterprise with “three types and two networks”.

In recent years, State Grid has frequently deployed blockchain technology.

According to reports, State Grid has created a full industrial chain of financial technology products based on blockchain, including electronic contracts, power settlement, supply chain finance, electricity bill finance, big data credit reporting, etc., which are suitable for various application scenarios such as guarantees, financing, and transactions. It has formed a "1+5+N" blockchain financial risk control architecture system. By establishing a new blockchain governance mechanism, it will promote the upgrading of risk control technology and enhance the risk management capabilities of the financial industry.

Supply chain finance products based on blockchain platforms provide chain storage, data encryption, credit confirmation, and tracking and tracing for important bill information and contract information such as accounts receivable and accounts payable generated in supply chain transactions. They serve accounts receivable factoring financing, e-commerce procurement financing, corporate credit, joint rewards and punishments, and other businesses.

Financial service products such as Electricity e-loan and Electricity e-bill, which are independently developed based on blockchain technology, provide functions such as bill preservation, on-chain review, bill traceability, and circulation management for electricity bill financial applications, making the bills traceable, verifiable, credible, and traceable throughout the entire process.

Based on blockchain-based electronic contracts, relying on the platform advantages of the "Tianping Chain" core node of the Beijing Internet Court of State Grid E-Commerce Company (State Grid Financial Technology Group), using smart contract technology and combining blockchain identity authentication mechanism, it provides enterprises and individuals with legally effective online contract full-process management and evidence storage and evidence collection services.

Beijing News reporter Lin Zi, editor Yue Caizhou, proofreader Li Lijun