Vicinity a $42 Billion in total real estate management, touts it will be testing a new blockchain project that will measure it’s solar power grid’s energy needs to figure out if it will stay with it’s solar panel project or move to the national energy grid.
The blockchain platform, that will be delivered by Power Ledger, will allow for energy distribution in real time, thus forth, giving Vicinity the data it needs to make it’s energy distribution needs.
The Energy Industry Is All About Blockchain Love
Power Ledger is an Australian renewable energy company that is using the blockchain for energy peer 2 peer energy trading, the company is also involved in energy trading pilots in US, Japan and Thailand.
Mainly most energy companies are using the blockchain for energy consumption monitoring and cryptocurrency rewards for those who use renewable energy.