What technology allows for peer-to-peer energy trading? 🔊
The technology that allows for peer-to-peer energy trading is known as blockchain. This decentralized ledger technology enables individuals to trade energy directly with one another without the need for a centralized authority. By utilizing blockchain, transactions become more transparent, secure, and efficient, facilitating the exchange of energy produced from renewable sources. Smart contracts can automate the trading process, ensuring that energy is bought and sold according to agreed terms.
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