Power Ledger Announces Pilot in Japan’s Kanto Region

Asia Blockchain Review
October 12, 2019

Australian energy blockchain firm Power Ledger has revealed that it will be carrying out a trial for its peer-to-peer (P2P) energy trading platform in Japan’s Kanto region.

Second Trial in Japan for P2P Energy Trading Blockchain

According to Business News Australia, the trial will be Power Ledger’s second in Japan. It is partnering with domestic solar energy provider Sharing Energy and electricity retailer eRex.

The objective of the project is to demonstrate that households are capable of trading excess solar energy among themselves using the blockchain-based P2P energy trading system.

Previously, Power Ledger successfully cooperated with utility firm KEPCO to put its system to trial in Osaka. Co-founder and Chairperson Dr. Jemma Green revealed that the firm’s technology will allow energy trading at a lower cost.

“Using Power Ledger’s technology, households with solar panels will be able to sell any excess solar energy they have generated at a more competitive price than if they were to sell the energy back to the grid or to an energy retailer,” she said. 

“This secondary trial strengthens Power Ledger’s foothold in the Japanese energy market.”

Disrupting Markets with Decentralized Platform

E-NEXT project partner and innovation manager Mathias Schaffer, who has previously worked on a trial project with Power Ledger, revealed that blockchain is a key element that has made P2P energy trading possible. 

“Blockchain technology has the potential to disrupt a lot of markets but as an innovation, we also think it offers new business opportunities and the chance to generate added value for our customers,” said Schaffer.

Source: https://www.businessnewsaus.com.au

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Driving SEA’S Gig Economy Forwards With Blockchain
    Given the rise of the gig economy, it may be worth our while to explore this economy in the context ...

    January 22, 2020

    Securing SEA’s Financial Networks with Blockchain
    As cryptocurrencies gain wider use among Southeast Asians, so too must blockchain solutions be devel...

    December 30, 2019

    Thailand: The Land of Blockchain
    As the country forges ahead on its Thailand 4.0 development agenda, firm government commitment and s...

    December 27, 2019

    Blockchain for Safer, more Afforable Telecommunications in SEA
    This article examines the use of telecom services in Southeast Asia, the industry’s unresolved probl...

    December 16, 2019

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us