Energy-focused blockchain startup Power Ledger has extended its peer-to-peer energy trading trial into its next phase in the Australian city of Fremantle.
In a press release shared with Cointelegraph on Aug. 21, Power Ledger revealed the continuation of its p2p solar power trading trial aimed at tracking rooftop solar energy traded between households in Fremantle.
The testing - which is a collaborative effort between Power Ledger, Curtin University, energy generating company Synergy, electricity network operator Western Power and energy services platform energyOS - was originally due for completion in June 2019.
Power Ledger initially started the trial last November, ostensibly processing nearly 50,000 transactions on its blockchain-enabled platform per month since then.
"Western Power's smart meter data was fed into Power Ledger's blockchain trading platform and then exported to Synergy's billing system, to ensure a secure and accurate recording of the energy trading."
According to Power Ledger executive chairman Jemma Green, p2p trading is able to provide customers connected to the electricity grid with a choice to manage their power use.
This month, Power Ledger and Japanese Kansai Electric Power Co. completed a joint trial of a blockchain-based system for post-FIT surplus power in Osaka.
The system purportedly enabled KEPCO to conduct a p2p transaction of surplus power autonomously and automatically, which included settlements with digital currency.
The Congressional Research Service released a report earlier in August that examined, among other things, potential advantages and disadvantages of pursuing blockchain-based solutions in the energy sector.
In the survey, 77% of respondents apparently said that the energy sector lacks appropriate standards for implementing blockchain solutions.
Blockchain Energy Startup Power Ledger Extends P2P Power Trading Trial
Publicado en Aug 22, 2019
by Cointele | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.