Power Ledger Integrates Blockchain-Based Energy Auditing in Solar Power Asset
Ana Alexandre's original article for cointelegraph.com reduced by 74%
Australia-based blockchain energy firm Power Ledger has purchased a 250 kilowatt photovoltaic system that will utilize a blockchain-based data management and settlement system. "The renewable energy that the Maddington asset generates will be tracked using blockchain technology to provide a verified audit trail for energy generated, energy bought from the grid, energy consumed and energy dispatched to the grid," the release further explained. Power Ledger launched its first trial of peer-to-peer energy trading technology in rural areas of Australia last September, intending to help outlying commercial settlements and farms improve the efficiency of their power grid and reduce associated costs.
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