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Japan Is Considering Solar Energy Trading Through a Blockchain-Based Platform

Large Japanese companies will undertake a study of possible implementation of blockchain technology in electricity supply.

Kepco, Mitsubishi UFJ Bank, IT service management company Nihon Unisys, and the University of Tokyo will partner to conduct a research of selling power supplies’ excess energy to consumers.

According to press release, a dedicated platform will provide a possibility of electricity directly traded on future. The current energy supply system has been changing from a conventional large-scale intensive type to a self-sustained distributed type due to the widespread use of renewable energy such as solar power generation.

Japan is not the only country interested in benefits of using blockchain in power industry.
Spanish cryptocurrency mining farm is to use solar power and in the future sell energy directly to users without intermediaries.

Blockchain keeps gaining in prominence in the growing number of areas. From supply chain and blockchain-based electricity trade to medicine and fintech – small startups and international corporations strive to implement the blockchain technology and gain the maximum benefits.

Whether you consider the opportunities of blockchain for establishing a new breakthrough business or level-upping an existing one it’s a great tool to create an amazing project! You may find out about your idea realization feasibility by asking us.

DO YOU HAVE ANY QUESTIONS?

LET'S DISCUSS! BOOK A CONSULTATION WITH OUR SPECIALIST


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