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24 Oct

How the North America Energy Standards Board can help industry embrace smart contract and distributed ledger technologies

NAESB Meeting: Presentation by NAESB Board Member and Adjoint COO, Somil Goyal

Currently, operations in the wholesale gas industry are in siloed environments, with different data and communication standards being used.  An agreed upon industry-wide movement to digital contract will increase the efficiency, speed and security across the industry. NAESB standard request 18.007 made by Adjoint Inc, American Electric Power Service Corp., Big Data Energy Services, JKM Energy & Environmental Consulting, Pariveda and Tennessee Valley Authority proposes the standardization of a modeling language for natural gas smart contracts for the NAESB WGQ Standard No. 6.3.1 – NAESB Base Contract for Sale and Purchase of Natural Gas.

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