Distributed Ledger Technology for Clean Energy Transactions

A closer look at how distributed ledger technology (DLT) solutions can simplify transaction management and improve transparency across partner networks.

The Challenge

A client wanted to establish and enforce clean energy standards across its partner network but lacked a unified process to do so. The existing process relied on manual information exchanges that were inefficient, difficult to scale and increased the risk of errors and security breaches.

The Solution

Big Data developed a DLT solution that provided the client with a secure, unified platform to publish standards, manage transactions, validate members and communicate with partners. DLT allows information to be recorded and shared across a network, providing a common record that authorized participants can access.

The Outcome

The DLT solution allowed the client to establish clean energy standards while reducing inconsistencies in trade reporting by automating previously manual transactions. It also unified the contracting process across North America, providing transparency, security and standardization.