Powerledger POWR Price 0.03923669

Power Ledger is an energy trading platform that allows buyers and sellers to trade energy directly with each other and without having to contact an energy company. The proliferation of solar power systems, batteries, microgrids and other distributed energy resources is changing the way electricity is produced and accessed in Australia and around the world. The development of this new technology has led to a shift in the electric power industry when power is more in the hands of consumers. To complete this shift and drive the solar revolution into the mainstream, Power Ledger offers a reliable trading platform where consumers can sell energy to their peers. David Martin, the company's managing director, has almost 20 years of experience. The platform operates with two different block chains, the "outer layer" is the Ethereum block chain, and the "inner layer" is EcoChain. POWR token can be used to access EcoChain. It is designed for direct interaction with home and business energy supply facilities, for example, automatically reading meter readings at regular intervals and tracking energy consumption. The connections and functions between these layers are managed by smart contracts.