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MSBG Corporation has announced the retooling of its Meternet Secure Blockchain Grid solution to better service its Decentralized Energy Network with Corda v4.1 private blockchain upgrade and hardware bundle options.
The MSBG Decentralized Energy Network Bundle Update includes:
1. Incorporates CORDA v4.1 enterprise-class private blockchain protocol
2. Integrating digital billing & settlement using old debit and credit cards using electronic signatures
3. Optional Acceptance Grade Certified Socket Meters and Embedded Meters
4. Optional Photovoltaic Panels and Building Integrated PV (BIPV) components.
5. Optional Battery Energy Storage System (BESS)
6. Enhanced Engineering Services & Project Support
MSBG is currently reviewing candidate sites to select and implement two DEG Pilot Projects by the end of 2023.
About CORDA
Corda is a blockchain—with one key difference. Corda doesn’t periodically aggregate transactions that require confirmation — into a single block — and confirm them all at once. On the other hand, Corda confirms every transaction in real time and is optimized for the operation of private companies in regulated markets. Supported by major financial institutions around the world, Tier One companies using the Corda Blockchain Platform include: MetLife, China Merchants Bank, State Bank of India, HSBC Bank plc, BNP Paribas, and many more.
About the Decentralized Energy Network
A decentralized energy grid refers to a distribution system of energy production and distribution in which the generation and consumption of electricity occurs at or near the same location, rather than relying on a centralized power generation and transmission grid. The benefits of a decentralized energy network include:
1. Improved Energy Efficiency: Decentralized energy grids reduce transmission losses, increase energy efficiency and lower carbon footprint.
2. Improved Reliability: By having multiple small-scale energy sources instead of one large source, the risk of power outages is reduced.
3. Improved Energy Access: Decentralized energy grids can provide energy access to remote or rural communities that may be difficult to reach with centralized electricity.
4. Improved Energy Security: The decentralized energy grid reduces the risk of power outages and other disturbances caused by large centralized power grids.
5. Enhanced Economic Development: Decentralized energy grids can help create new jobs and stimulate local economic development.
6. Improved Sustainability: Decentralized energy grids can facilitate the use of renewable energy sources and reduce dependence on fossil fuels.
Overall, a decentralized energy grid offers a more resilient, secure and sustainable approach to energy production and distribution.
About MSBG Corp
Formed in 2014, MSBG transitioned into the Energy segment in 2018. MSBG continued the development of a Decentralized Energy Network (DEG) bundle that will manage generation, metering, tracking, billing and settlement for decentralized cooperative, campus and community micro networks. Leveraging our MeterNet Secure Blockchain Grid integrated bundled solution, DEG can efficiently and securely manage renewable power generation, metering, billing and settlement.
https://msbg.co
https://mygrid.meternet.com
https://blockchainmeters.com
Registered address:
1621 Central Ave., Cheyenne, Wyoming, 82001 USA
MeterNet™, Blockchain Meters℠ , MyGRID Network Platform℠ are trade names & service marks of MSBG Corp.
2023 All Rights Reserved.
This press release was originally published on this site
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