WePower Expansion Hints at Adoption of Blockchain for Energy Trading

By [email protected] Blockchain applications are creeping into energy trading.

WePower, one of a growing number of energy blockchain hopefuls, has found early success in the European market with an agreement to tokenize data from the Estonian independent electricity and gas system operator Elering.

“WePower will integrate its blockchain and smart contract powered green energy trading platform into Elering’s Estfeed data exchange platform,” said the blockchain firm in a press release. “This will form a proof-of-concept system for Estonia, demonstrating nation-state scale tokenization of energy consumption and production data on the blockchain.”

CEO and Co-Founder Nikolaj Martyniuk said the partnership could allow WePower to fine-tune the

Read Full Article Here

For more great articles: Greentech Media: Headlines

(Visited 48 times, 1 visits today)



© 2014 RenewaNews