A Blockchain Solution for Water and Electricity Management

Abstract

Information is one of the essential assets in any business. Due to the rapid technological changes, maintaining and protecting the information of individuals and organizations has become more imperative. Blockchain is a sequence of blocks that store information as a hashed value chained together as a ledger of records. This paper proposes a blockchain-based solution to manage water and electricity services. The solution keeps track of water and electricity consumption by consumers, allows them to view and pay bills, and secures their online transactions. It functions as a shared ledger between Abu Dhabi Distribution Company, Bin Moosa & Daly water and electricity supplement store, and Fazaa discount card. In addition, the proposed solution offers transparency and full trust between the different entities, controls the blockchain network, and validates transactions. Finally, the proposed application supports the UAE sustainability initiative by reducing paper usage.