What is Power Ledger?

 

Power Ledger brings Power Ledger’s P2P solar trading blockchain technology to the world. Power Ledger Ltd permits owners of renewable energy asset to decide how much they want to sell their remaining energy. Using blockchain technology, we provide producers and consumers with transparent, auditable and automated market trading and clearing mechanisms. Our technology can sell residential and commercial development and the remaining renewable energy generated by homes and businesses connected to existing distribution networks or microgrids. Power Ledger delivers the power of managing the energy economy to consumers while maintaining the value of their existing distribution network.

Power Ledger is an energy market that is supported by blockchain technology. It permits individuals and businesses to sell the remaining renewable energy connected to existing distribution networks, but this is the only part of Power Ledger’s offering. It is designed to enable communities to create and develop flexible, low-cost, zero-carbon and community-owned power systems. The project aims to promote peer-to-peer trading through automated and untrusted reconciliation and settlement systems.

There are a large number of applications on the platform, and POWR is a mark to facilitate transactions. Given that distributed energy production is gaining tremendous appeal as a way to organize human energy production and consumption, the Power Ledger platform has great potential.

Asked on July 6, 2018 in Altcoin.
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