Peer-to-peer trading of residential PV using blockchain technology to take place in China
Solar Bankers Singapore is working with the Chinese blockchain technology company ShellPay to enable peer-to-peer trading of PV generation with blockchain technology, using Solar Banker’s own crypto-token SunCoin. The system under development, SunChain, connects residential PV devices through local microgrids. SunChain will contribute to a decentralized electricity system that is cleaner and more cost-effective. The initial grid investments will take place in China, but the companies are expecting to further expand the system to other developing countries as well.