Saudi Arabia's ACWA said it will become the first utility to adopt the global solar incentive currency, SolarCoin. The blockchain-based system supplies solar producers with a digital token for every MWh of solar electricity generated, which can then be used as a supplementary means of payment for goods and services. SunCoin is already used by smaller-scale users in Europe, America, Japan, India and Australia.
Saudi Arabia's ACWA Power said it will become the first utility to adopt the global solar incentive currency, SolarCoin. The blockchain-based system supplies solar producers with a digital token for every MWh of solar electricity generated, which can then be used as a supplementary means of payment for goods and services. SunCoin is already used by smaller-scale users in Europe, America, Japan, India and Australia.