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BlockApps and Optimum Plan to Monitor Power Utilization on the Blockchain

Blockchain-as-a-Service (BaaS) firm BlockApps has partnered with software program consulting agency Optimum to develop a blockchain resolution for monitoring vitality utilization.

A founding member of the Enterprise Ethereum Alliance (EEA), BlockApps is the developer of a cloud-agnostic blockchain platform, STRATO, designed to function a versatile base layer for numerous enterprise community transactions and actions.

Optimum is a software program consulting agency centered on the oil and fuel, manufacturing and building industries. As a part of a strategic partnership announced on March 27, Optimum has now joined the BlockApps Partner Network —  a bunch of expertise and repair suppliers and blockchain consultants cooperating on utility improvement and integrations for STRATO.

Strained instances

Of their announcement, BlockApps and Optimum allude to current “intense strain” on the worldwide vitality business, triggered by a value conflict within the oil sector, strained provide chains and the financial shocks rippling via world markets throughout the COVID-19 pandemic:

“Verifiable, granular vitality utilization monitoring is a mission-critical want for the vitality business and will likely be an important a part of any resolution to enhance administration of future shocks in provide and demand.”

Optimum plans to implement BlockApps’ STRATO platform to develop and customise blockchain options that can tackle the wants and challenges of their shoppers within the oil and fuel, manufacturing and building sectors at a juncture of unprecedented challenges.

U.S. crude oil costs have now dropped to an 18-year low of under $20 a barrel. The sector faces a glut of provides and inadequate storage for reserves because of collapsing international demand. A variety of North American shale producers are already reported to be on the point of bankruptcy.


In Could 2019, BlockApps partnered with the agricultural division of pharmaceutical and life science big Bayer AG — which acquired the agrochemical and agricultural company Monsanto in 2018 — to cooperate on a collection of joint blockchain initiatives. 

BlockApps’ connections embody integrations with main cloud suppliers Azure, Amazon Internet Providers, and Google Cloud Platform and the quite a few blockchain start-ups, analysis teams, Fortune 500 companies and banks  — among them JPMorgan and Cisco — of the EEA.


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