Peer-to-Peer Energy Trading allows consumers to buy and sell excess renewable energy directly with one another, often facilitated by blockchain technology for secure and transparent transactions. This decentralized model promotes energy efficiency, reduces reliance on traditional utilities, and encourages the adoption of renewable energy sources.

Peer-to-Peer Energy Trading

buy and sell excess renewable energy

Blockchain technology is a decentralized digital ledger system that records transactions across multiple computers in a way that ensures the data cannot be altered retroactively. It provides transparency, security, and efficiency, making it a foundational technology for cryptocurrencies and applicable in various industries for secure data management.

blockchain technology

secure and transparent transactions

decentralized model

Energy efficiency refers to using less energy to perform the same task or produce the same outcome, thereby reducing energy waste and lowering energy costs. It is a crucial component in combating climate change and enhancing energy security by minimizing the environmental impact of energy consumption.

CUSTOMIZE YOUR LEARNING

CUSTOMIZE YOUR LEARNING

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