Blockchain Technology for Public Utilities

Abstract

The paper presents the needs to improve the controlling systems in public utilities. One example was the use of blockchain technology in the work of the management company that supports the buildings. The method of such technology in the public utilities management system ensures the transparency of mutual obligations and information security between the consumer and the service provider. This leads to the embodiment in reality of the basic principles of effective relationships: the balance of interests of market participants and the openness of interaction.