America 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, Saudi Arabia's, 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.