Right. Because if LO3 is the one who is auditing and moving money around, why do we need a Blockchain at all? Can’t a database they admin do the same thing?
But is that something people really need? To be able to audit their electricity transactions via the blockchain? Someone is going to have to write a tool (this is well beyond the average person), and that tool could easily be flawed. The meters themselves also aren't easily auditable... so many points of failure why is a blockchain the thing that matters?
Disclaimer: never used BC. I meant BC and ETH are generic data structure, you put anything you want in it and retrieve later to create a new transaction.