A UK consortium led by blockchain developer Electron is looking to establish a "shared marketplace for energy assets to respond to pricing signals", according to CEO Joanna Hubbard. The proposed "energy eBay" will aim to support the launches of new flexibility markets, which are predicted to rise with overall increases in distributed generation sources and electricity consumption points. The energy trading marketplace was bolstered by a £630,000 (USD $900,000), 13-month grant that Electron won last year. Blockchain's potential as an alternative payment system has been recognised by some major financial institutions, including Barclays, JPMorgan Chase & Co (JPM), Citigroup (C, Fortune 500) and Goldman Sachs (G@@
A UK consortium led by blockchain developer Electron is looking to establish a "shared marketplace for energy assets to respond to pricing signals", according to CEO Joanna Hubbard. The proposed "energy eBay" will aim to support the launches of new flexibility markets, which are predicted to rise with overall increases in distributed generation sources and electricity consumption points. Blockchain's potential as an alternative payment system has been recognised by some major financial institutions, including Barclays, JPMorgan Chase & Co (JPM), Citigroup (C, Fortune 500) and Goldman Sachs (G@@