Energy Trading Platforms for Blockchain

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Energy Trading Platforms for Blockchain

In 2018, companies in Singapore started buying and selling renewable energy certificates on a blockchain-powered system. Like carbon trading in other markets, Singapore’s system, launched by utilities provider SP Group, allows for more transparency and lower costs because there is no central intermediary processing and verifying transactions. Meantime, a consortium that includes BP and Shell is now developing a blockchain-based platform to trade energy commodities.