called blocks, that are linked using cryptography. • Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree). // What is Blockchain?
and approving transactions on the network. • Nodes can be used in the main network to approve transactions, in a test network or in a local machine for testing smart contracts or decentralized applications. // What is a node?
trade and purchase energy directly from the grid rather than from retailers. • This has the potential to reduce consumer bills to about 40%, at a lower energy cost • Grid+ located in Texas // Wholesale Electrical Distribution
who share and buy excess energy from other participants. • They reduce control from central authorities, such as wholesale entities. • Power ledger, an Australian company, has created microgrids and facilitate peer to peer energy distribution of energy and buying of energy // Peer to peer energy distribution
energy usage data such as market prices, marginal costs, energy law compliance and fuel prices. • This data is normally manipulated, misreported or omitted, leading to huge financial losses for governments and other energy institutions • Chilean National Energy (CHE) use the blockchain to record, store and track energy data. // Electricity Data Management
maintenance of utility assets such as wind and solar farms. • Predicting renewable energy output based on historical data • Managing supply and demand within a grid or a microgrid // Smart Grid and Energy Demand
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