Blockchain Technology Used For Green Energy
Power Ledger to test peer-to-peer renewable energy marketplace.
Blockchain Definition | Investopedia
A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Originally developed as the accounting method for the virtual currency Bitcoin, blockchains, which use what’s known as distributed ledger-technology (DLT) – are appearing in a variety of commercial applications today.
Blockchain is the public ledger technology underpinning Bitcoin, that has also given rise to STEEMIT a platform rewarding creators of user-generated content. Power Ledger operates on Ecochain, a form of Blockchain technology allowing those producing excess renewable energy to sell it directly to other consumers.
TransActive Grid is a community electricity marketplace enabling users to buy and sell energy from the grid. Power Ledger cuts out the middleman, allowing consumers to buy and sell electricity between themselves within the Blockchain Energy Marketplace. As a result, consumers able to invest in producing renewable energy will earn more from their excess. Simultaneously, those without the infrastructure who use renewable energy, can access it at a lower cost. Also, electricity producers are able to gift excess renewable energy to whomever they choose.
Source | http://www.springwise.com/
Trendspotter | Murtaza Patel