Blockchain Platform Hopes To Stop Electricity Bills Surging Through Energy Marketplace
https://cointelegraph.com/news/blockchain-platform-hopes-to-stop-electricity-bills-surging-through-energy-marketplaceA new Blockchain platform is aiming to stamp out energy waste and misuse by designing a “simple, sustainable and scalable system” which eliminates imbalances between supply and demand.
Bittwatt argues that the industry needs to adapt if soaring demands for energy – spearheaded by developing countries – are going to be met safely.
The company is creating a Blockchain-enabled marketplace which shares consumption data in real time, with its “matchmaking platform” allowing buyers and sellers to trade energy securely based on their requirements. Bittwatt’s ecosystem would also mean power plants can be called upon to increase output levels at times of high demand, and consumers with unused electricity would be able to sell it back during peak periods in order to reduce pressure on the grid.
A good news for mining platform?
