[avernon]

I've thought about this basic business idea a lot. And there are businesses that already exist using this model, using dollars. The problem you run into is the transaction costs and overhead. The savings are a long tail distribution situation. So the current providers only target very large clients. There are tons of smaller opportunities that on paper have a great rate of return, but it is hard to get the overhead and transaction cost low enough to make the numbers work. Look at this structure as a way to lower the transaction costs and overhead of attacking this market. I'm excited they are trying.

[hannasanarion]

"transaction costs" have nothing to do with it. All they are using the blockchain for is to store meter readings, the blockchain is significantly more expensive than the standard method: a regular-ass database.

It's yet another example of the misconception that blockchain somehow guarantees data validity. In reality it does the opposite: it reduces tampering, sure, but there are other ways to reduce tampering that don't also forbid validation. A broken meter will put bad data on the blockchain just the same as it will any other database, but because you're using blockchain you now can't go back and fix it when you find the error.

[avernon]

I was thinking about on boarding investors, on boarding clients, generating reports for this investors, collecting payments, etc. I think the meter data is of the least importance here. I've worked with huge amounts of remote metering applications that have significantly more dollars at stake. The industries that use them already have standards in place for how to deal with measurement problems.

If you are right then I'd hope you'd start an efficiency as a service company that covers upgrade costs up front and collects payments over time. There is a huge lack of providers in the space that are a few thousand dollar or less upgrades with payouts over about two years. You can see the challenge, you have to spend less than a few hundred dollars in overhead/transactions over a multi year relationship!

The vast majority of companies in this space are targeting large facilities with multi million dollar upgrades, because it is hard to make the numbers work otherwise.

[how2cflags]

I concur with your point, considering we already have methods like hashing to create rather unique signatures, and with frameworks and regulations(laws). I'm going to vaguely quote James Mickens here, but you can basically sue someone if there is an issue. If there is an issue on the block chain? You need to fork it. Oh, and the talk for anyone who's interested considering he conveys a few interesting points I've seen throughout this thread. https://youtu.be/15RTC22Z2xI

[tim333]

You can always write 'correction meter reading should have been ...' on the chain.