Power Ledger’s Blockchain Energy Platform Goes Live in Fremantle

Australia’s coastal city of Fremantle has kicked off a trial that will allow some residents to trade solar power on a blockchain-based platform provided by renewable energy-focused crypto startup Power Ledger.

According to the Minister for Finance, Energy and Aboriginal Affairs in the government of Western Australia, Ben Wyatt, around 40 households in Fremantle will participate in the trial that will end next year in June.

Efficient Balancing of Supply and Demand
During the trial, households will enjoy the flexibility of determining the price at which they are willing to purchase and sell solar power for and then conduct the transactions on a blockchain-enabled platform.

Reference: https://www.ccn.com/australia-power-ledgers-blockchain-energy-platform-goes-live-in-fremantle/

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