Power Ledger a block chain-based micro-grid in Australia

Power Ledger after signing a three-year contract with the real estate developers not living over 100 plots of land on a block chain-based micro-network. The Blockchain Startup Power Ledger has teamed up with real estate developers not living together, a micro-grid-energy-trading platform 100 real estate in the West to set up Australia.

The on Wednesday announced the agreement provides that the block chain platform of Power Ledger will be used initially in 62 apartments in the not living construction project in Inglewood, and in 40 homes in East Cannington, before it is introduced in the next three years in further action for living-projects.

What is a micro-network?

Micro-networks of small, local energy supply networks, in General, electricity from sustainable energy sources such as Wind or sun. The power generated is stored locally; Power Ledger allows the residents to sell their excess energy to neighbors, wherein the energy consumption and the transactions are tracked on its block chain platform. The press release says the company is aiming to deliver 100% renewable energy, on an “embedded electricity network and a micro-Solar PV and storage network”.

“We are seeing an emerging Trend, the project developer during the design phase of your projects in a more cost-effective and low-carbon energy supply into consideration,” said Dr. Jemma Green, co-founder and Chairman of the Power Ledger. “The platform of the Power Ledger, the house owners incentives to invest in solar energy infrastructure.

Micro-grids bring power to the people

The micro-grid Power Ledger to follow in the footsteps of other block chain-based micro-grid around the world, including the ground-breaking Brooklyn-based micro-grid in New York.

Large energy companies are also involved; in London, EDF Energy has launched an experimental micro-network, Project CommUNITY, which gave a residential complex with solar panels. The residents took advantage of a block chain-powered App on your energy allowance of access to, and exchange with like-minded people, so that an intermediary was unnecessary.

Green crypto-currencies are gaining more and more importance. Ripple has today also published a post describing that the use of XRP could only provide 14 light bulbs with energy for one year. Bitcoin would consume in the same period, electricity for up to 149 million bulbs and Ethereum still knap 50 million light bulbs. According to a study by a University in Denmark XRP is one of the eco-friendly crypto-currencies (freely translated):

The operation of a validator (Server) in the Ripple-network does not require any fees, and the electricity costs for the operation of an E-Mail server comparable. The value of XRP from Ripple lies in its ability to cost transactions and payments less current and thus lower CO2-emissions, combined with lower trading fees to handle.

In the case of XRP, there is no Mining, as in the case of ETH and BTC, so as a result, large amounts can be saved on energy.

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