Digital Energy Trade with Blockchain: Purchase Power Directly from Your Neighbor
The blockchain electrifies the electricity industry: It drastically reduces commercial transaction costs. This makes it possible to market even the smallest amounts of electricity. This could enable blockchain to become a key technology for smart grids and sector coupling.
Blockchain – Potentials for Energy Supply:
- Direct transactions between energy producers and consumers can lower electricity prices.
- The blockchain is organized over an association of decentralized, independent computers. This increases data security.
- In a decentralized market, trade in the smallest amounts of energy becomes more and more relevant.