Alectra Utilities And Interac Pilot Rewarding Renewable Use With Blockchain

Alectra Utilities And Interac Pilot Rewarding Renewable Use With Blockchain

Alectra Utilities, the second largest municipally-owned energy utility in North America servicing several major municipalities in the Golden Horseshoe region of Ontario (of which Toronto is an anchor) such as Hamilton, Mississauga, and Brampton and Interac, a Canadian interbank network that links together banks and financial organizations to be able to provide Canadians with financial services ranging from online e-transfers, to debit cards, have started working together to explore rewarding those people who use renewable energy in a grid-efficient way with monetizable rewards served through the Interac payment network.