It's easy to take electricity for granted for those who live in an energy-hungry urban center, but 'Power Ledger' is proving that there's plenty of improvements that can still be made to create the most efficient and environmentally friendly power supplies. The newly commercialized energy trading company makes use of the blockchain to create a more demand-centric power system that ultimately improves the distribution of power across urban areas.
Power Ledger effectively allows independent energy purchasers to trade power with one another. Many areas receive more power from the grid than they need. That means that they both pay for more electricity and waste it once they have it. Power Ledger allows those actors to securely sell their energy to others on the blockchain.
Blockchain-Based Energy Trading
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