KAULA joined IEEE P2418.5 – Standard for Blockchain in Energy.

Project Details
This standard provides an open, common, and interoperable reference framework model for blockchain in the energy sector. It also covers three aspects: 1) Serve as a guideline for Blockchain use cases in Electrical Power industry; Oil & Gas industry and Renewable energy industry and their related services. 2) Create standards on reference architecture, interoperability, terminology, and system interfaces for blockchain applications in Energy sector by building an open protocol and technology agnostic layered framework. 3) Evaluate and provide guidelines on scalability, performance, security, and interoperability through evaluation of consensus algorithm, smart contracts, and type of blockchain implementation, etc. for the Energy sector.