Today,the BillonGroupannounced a proof of concept (PoC) with Poland’s Tauronto use blockchain for storage and delivery of contracts to thelatter’s clients. Billon Digital Services is providing thecompany’s blockchain-based document management solution for theenergy utility company.
Tauron isa state-run utility company and is the second-largest electricitydistributor in Poland. The company services over 5.5 millioncustomers in the country.
Underthe deal with Billon, Tauron will test the document management systemfor document signing, sharing over the blockchain, and savingcontracts on the chain. These documents will be available for anyfuture reference, likely even after the customer has stopped usingTauron’s services.
Energycontracts can be especially complicated for businesses and involve alot of paperwork. Using blockchain, Tauron will enable its customersto digitize the documentation process, a pressingneedin the current social distancing environment. Additionally, it aimsto use the blockchain for publishing public documents such as termsand conditions and general tariffs.
“Byintroducing a secure digital tool to facilitate customer service, werespond to the importance of digital technologies and theirwidespread use by consumers,” said Filip Grzegorczyk, President ofTauron Management Board.
Whiledigitization is one benefit, Tauron wants to reduce paper-basedcommunication, which was done using mail untilnow. By leveraging blockchain, it can reduce the use of paper, savecosts, while increasing the security of contract transfer anddelivery.
ThePoC will include a group of 100 Tauron clients who have tested thesolution until the end of April. Meanwhile, Microsoft Azure cloudwill be used to host the blockchain nodes.
TheBillon Group is a blockchain fintech and is registered as an e-moneyissuer in the UK and Poland. It has two solutions — TrustedDocument Management and Accounts& Transactions.Tauron will be using the first one.
BillonGroup hassecurewith projects inPoland withgovernment agencies and now with one of the biggest enterprises ofthe country. Last month, its document management platform forthe PolishCredit Office wentinto production, which allows retail banks to send notifications tocustomers. More recently, insurer LINK4 adoptedthe solution for client contracts.
BillonGroup has raised a total of $16millionto date, and investors include FIS,Rising Tide, Mencey Capital, and VCF IIIa, among others.
