ABOUT Power Ledger

Power Ledger is a distributed, interoperable energy trading platform that supports an extensive suite of energy-focused applications. It features a live and deployed platform that possesses the ability for others to develop applications for use on it. Power Ledger aims to solve 2 major problems using Blockchain technology:1. Declining utilization of electricity networks which could be maintained through a marketplace for distributed energy assets and associated transactions underpinned by the blockchain (e.g. peer to peer trading across networks)2. Low penetration of renewables in apartment buildings, where a shared ownership and allocation model for microgrids could be provided by the blockchain (e.g. peer to peer trading in buildings)In alignment with their vision, there are several applications that have been developed on the Power Ledger Platform that includes:• P2P trading of Electricity within the Ecosystem• Smart Demand & Supply Management for Retailers• Microgrid/Embedded Network Operator• Wholesale Market Settlement• Autonomous Asset Management• Electric Vehicle Management• Power Port• Carbon Trading• Transmission ExchangeSummarised by Masterthecrypto.com