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Siemens partners with German renewable energy firm for blockchain energy trading - Ledger Insights - enterprise blockchain
German electricity utility Allgäu Überlandwerk and other partners in the Pebbles consortium launched a blockchain local electricity trading platform that allows private electricity producers to supply electricity directly to local consumers.
Source: www.ledgerinsights.com
The platform allows private electricity producers to supply electricity directly to local consumers without using intermediaries like electricity suppliers. Blockchain technology allows for transparent end-to-end transactions. The platform is designed to take into account the forecast in demand and the amount of electricity generated.
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