Industry Pain Point

When photovoltaic cells are used to generate electricity, the energy output rarely matches demand perfectly, which results in waste. Traditional energy systems are dominated by large institutions, and their centralized operation does work efficiently with a distributed power model, leading to wasted residual energy.

Solution

Using IoT Chain, photovoltaic energy partners can build decentralized green energy sharing communities. Direct peer-to-peer transactions can be used to match users with electricity demands to those with a surplus. ITC tokens are used for settlement, and transactions are secured by smart contracts that optimize energy matching to reduce waste. Moreover, the community is able to share data on equipment and assets, creating a collaborative collection of distributed data that is open, transparent, and traceable. The IoT Chain data classification solution ensures that sensitive information is controlled and protected at all times.