Energy Trading Set to Turn to BlockchainBlockchain has become a movement in its own right, the technology that forms the underlying platform for Bitcoin and other digital currencies is being adapted to all kinds of applications today. From insurance documents to identity verification, stock tracking to the veracity of artwork, it seems blockchain has an application everywhere. Now Australian company Power ledger is aiming to revolutionize the energy market by using blockchain to create a market where excess solar energy can be sold directly to consumers. The promise is that of cheaper energy for consumers, and better prices for suppliers, with tests beginning later this month.
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