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Energo joins energy blockchain party, in Korean trial

Shanghai-based startup Energo has announced its expansion into South Korea, following tests in China and the Philippines. The plan combines two trends in our IoT sphere, blockchain and smart grids, and hopes to provide a trusted platform for consumers to trade energy on. Blockchain has huge potential in environments that require trust between a number of third-parties, and a microgrid is a great use case. Using its own smart meters (which do look rather neat), coupled with a smartphone app for the consumers, the announcement sees Energo declare its intent to build a decentralized autonomous energy (DAE) community – with Energo taking a slice of the action, of course. Energo would install one of its EME 1.0 meters in each…

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