Blockchain-based wind power operation solution for Korean power grid

Korean Southern Power Co. is now the first in the field of wind power generation to build and implement a blockchain-based operation and security system. Experts expect the system to be a key piece of convergence technology to be highlight by Korea’s Green New Deal.

The system will monitor wind turbines on the grid to diagnose threats to operation and security.

Being part of the Green New Deal policy means that program development, implementation, and management will focus on job creation and the proliferation of digital infrastructure nation-wide. It also heralds a shift towards a low-carbon economic structure.

Korean South Power Co. partnered with Coinplug to assist them in fully roll out the solution. With the right partnership secured, both parties plan to have the program up and running by the end of this year. In addition to Coinplug, the National IT Promotion Agency of Korea (NIPA) plans to promote the program as a national blockchain technology support project in order to further complete the archive of blockchain-based security solutions.

The blockchain-based security and operations solution will be utilized on the Domestic Wind Power Generator Project which launched early this year. Under that project, the company’s 5th wind farm was created, the Ginemi Wind Farm. Ginemi boasts twelve 1.65 kW wind turbines and a total of 19.8 kW of domestic capacity. It can produce and supply power to about 8,000 households.

Through the blockchain-based solution, security , accuracy, and overall reliability of the wind power data integrity will be upheld. Blockchain technology appears to be a good fit for such a program since it provides inherent transparency of data transmission and completely removes the possibility of forgery across the network.

Korean Southern Power Co. CEO Jeonseek shin said, “[In the future, we will actively respond to the Green New Deal policies by introducing new technologies in the field of renewable energy.]”

Ongoing Programs

This new solution in the energy sector of South Korea represents the latest field to commit to blockchain technology implementation. Just yesterday, several government ministries announced a plan to utilize roll out a blockchain-based medical data transmission platform to facilitate non-face-to-face telehealth provisions.

Also, there already exists a mobile drivers license program which allows users to access their drivers license on their mobile phone through DID and a blockchain. Along with the acquisition of Bank Sign by the Bank of Korea this week as well, South Korea is shaping up to be prepared to weather the Coronavirus era in the present and the foreseeable future.

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