TERI, India develops blockchain-enabled prototype for solar power trading

The Energy and Resources Institute (TERI), India has developed a blockchain-powered platform to facilitate peer-to-peer transactions of solar energy among consumers in the same neighbourhood. Developed in partnership with Noida-based blockchain and IoT start-up Sofocle Technologies Limited, the platform uses blockchain technology to ensure security, transparency and efficiency in the transactions that will take place among consumers.

The platform—developed as a prototype for enabling a peer-to-peer transactional control—allows electricity consumers such as residential premises, malls, schools, or even small and medium enterprises to trade local power generation from rooftop solar plants among themselves.

Source : http://www.indiasmartgrid.org/viewnews.php?id=4296