PEER2PEER ENERGY TRADING
With the implementation of the new European legislation on regulations and incentives for the production of electricity from renewable sources, prosumers will be able to sell shares of self-produced renewable electricity directly on the market. The introduction of blockchain technology facilitates the creation of marketplaces where companies and individuals can buy and sell energy, with fewer institutional intermediaries and less bureaucracy than is the case today, thanks to the use of smart contracts that guarantee the renewable origin of the supply.
CERTIFICATES OF GUARANTEE OF ORIGIN
Given the growing attention of consumers towards environmental issues, there is an increasing need to certify the way energy is produced or extracted. In the market of certificates of guarantee of origin (GoOs) for electricity, the blockchain solution ensures the authenticity of the certificate, guaranteeing the origin from renewable sources, or certifying the place of origin of the commodity (such as oil or gas). Thanks to this approach, the need for intermediaries is eliminated and costs, as well as the risk of fraud, are significantly reduced.
SMART CHARGE
Within the rapidly expanding electric car charging market, one of the main limitations is the low number of charging stations. With the use of smart contracts, solutions can be implemented in which the user pays for the electricity directly at the charging station, based on consumption and without the need for human intervention or control.