Cryptocurrency energy trading

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We propose a novel, lightweight, IOTA based community energy trading framework that publishes producer energy data to the Tangle, consumers. Cryptocurrencies, coins, and tokens that are connected to the energy industry. Blockchain technology could serve as the backbone of a new infrastructure for the industry, enabling new models for energy trading, data management.

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This is significant not just for its technological accomplishment, but it also shows how traditional energy companies can adapt to a changing electricity market. To overcome the above mentioned challenges, tremendous research efforts have been underway to a new paradigm such as IOTA the Tangle and Hyperledger framework Backed by Japan's Marubeni, WePower is an Australian blockchain company that facilitates a direct connection between green energy providers and energy buyers, such as investors and end-users, enabling them to buy energy in advance at discounted rates. Online accessing, storing and maintenance of energy transaction records have various security issues such as scattered and disjoint energy data, interoperability troubles, data security and privacy issues, scalability among other 4 , 5 , 6. Second, blockchain operates without government involvement or the need for a judicial system to enforce contracts.

Cryptocurrency energy trading

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