Novel blockchain-based virtual utility for P2P PV trading

Researchers from Canada's Western University have developed an open-source, blockchain-based virtual utility for peer-to-peer (P2P) solar trading, using smart contracts to save up to $1,600 (US dollars) for 10 homes in simulated scenarios. Scientists from Canada's Western University have designed a novel open-source autonomous virtual utility to monitor PV users and enable P2P trading. Their SolarXchange blockchain technology-based system creates smart contracts by itself, facilitating transactions between users on an hourly basis. In the blockchain context, smart contracts are codes that automatically ...

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