Blockchain technology used for green energy
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Blockchain is the public ledger technology underpinning Bitcoin but the technology has also spawned other innovations including a platform to reward the creators of user-generated content. Now Power Ledger is using a greener form of Blockchain technology - Ecochain - to allow those producing excess renewable energy to sell it on directly to consumers. Recently, we covered Transactivgrid, a US community electricity market which enables users to buy and sell energy from the grid. Power Ledger is different as it cuts out the middleman and allows customers to buy and sell electricity between themselves rather than selling it back to the…
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