This sounds like a cool project.
Now, energy markets are notorious for being heavily regulated by governments. Transmission, distribution and metering systems even more so. Each country has its own smart metering legislation, etc.
What is your strategy on this? How do you intend to cut through the red tape? What are your first steps?
In a traditional regulated network it will do to start. The thing to consider is that for the industry this has to be an evolution not an extinction event. We have to give the industry the chance to keep up with consumer preferences otherwise we destroy billions of dollars of value in what amount to social assets. Grid providers understand the impacts of load defection in the relevance of their service. Providing what amounts to a distribution use of system charge (DUOS for power nerds) rather than relying on over-priced network tariffs is a step towards maintaining the viability of power networks.
I certainly didn't mean to imply you're going to destroy things (and how would you? The social assets might wander around, but they don't evaporate, or am I misunderstanding something?). My question was more like, e.g. how do you explain to regulators, nah, we're not metering according to government security standard XY, but with distributed ledger technology Z, which is even more secure…
But the way I understand your reply, you intend to partner with TSOs, DSOs, etc., they keep their front office towards the regulators, and you make their back office more efficient with blockchain technology? Is that it?
As for load defection impact on DUOS, yeah, that's a problem, especially in regulatory domains where DUOS is recovered via transported energy rather than maximum power. But I don't quite understand your last sentence. What does the blockchain have to do with DUOS? Can you elaborate?
