Peer-to-peer trading of residential PV using blockchain technology to take place in China

Posted by ICEF Secretariat September 5, 2017

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.