BlockchainEnergyMarketTrade

Pilot Project Tests Large Scale Tokenization of Energy Data

Estonian independent electricity and gas system operator, Elering AS and WePower, a blockchain based green energy trading platform that aims to drive global green energy adoption and promote sustainable living, has announced a pilot project to test the large scale tokenization of Energy data on blockchain in Estonia. This project is designed to prepare for a future practical test that will connect European green energy producers to the Estonian Smart Grid.

To achieve this, WePower will integrate its blockchain and smart contract powered green energy trading platform into Elering’s Estfeed data exchange platform. This will form a proof-of-concept system for Estonia, demonstrating nation-state scale tokenization of energy consumption and production data on the blockchain. This will make energy trading accessible to prosumers of all sizes and configurations. WePower will be leveraging Estonia’s existing advanced smart grid infrastructure, particularly the 100% smart meter coverage with hourly reading and a central data hub. It will also test the scalability for tokenized asset trading technology and provide a bridge between green energy producers and traditional grid operators.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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