Blockchain-based Democratization of Energy Making Gains on Three Continents

Published onJune 13, 2018

Pioneering blockchain company LO3 Energy is gearing up for international projects set to lay foundations for future of its distributed ledger system, Exergy. The three projects involve novel local energy trading market places based around the Exergy platform in Texas, the UK and Australia and that while “all projects are a little different in scope, application and intention, the unifying goal is demonstration of the Exergy platform and its benefits not just for consumers but for distribution utilities, retailers and all existing actors on the grid.” Since first making waves in 2016 when it completed the world’s first financial transaction of a peer-to-peer energy using blockchain, LO3 has been refining Exergy and by collaborating with electric utilities, retailers and other stakeholders, Kessler believes that the new projects will not only demonstrate the technology’s versatility across scenarios, but provide “further opportunity to develop solutions based off of real-world findings.”