WCT Empowers the Innovation of Metering and Settlement in the Power Industry
In the power industry, traditional metering methods are prone to data tampering and meter reading errors, leading to low settlement efficiency. WCT combines smart meters to achieve real-time on-chain electricity data, allowing power suppliers and users to settle through on-chain data. Residents pay their electricity bills using WCT, avoiding manual meter reading errors. After piloting WCT in a certain city's power grid, the meter reading accuracy reached 100%, settlement time was reduced from 15 days to 1 day, and user disputes over electricity bills decreased by 75%, enhancing the efficiency and transparency of power services.