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| Smart contracts in blockchain | After both rounds, funds raised totaled thirty-four million dollars AUD. Overview of Decentralised Electricity Market Power Ledger facilitates the sale and trading of energy, and consumers can receive payments for their excess renewable energy production in real-time through the decentralized, trustless, automated, and totally secure Power Ledger platform. If the prosumer also has batteries to store energy they can help the energy retailer manage price risk through the Power Ledger VPP 2. These can be tokenised and integrated with traditional certificate registries and, over time, blockchain registries as well. Powerledger solutions use blockchain in a variety of ways. This provides energy companies with readily available capacity and energy when they need it, and provides returns to customers more quickly. As the platform gains in adoption it becomes more likely that it will disrupt the entire energy production and distribution system. |
