Japanese utility giant KEPCO is about to trade energy with blockchain startup Power Ledger

Japanese utility giant Kansai Electric Power Co. (KEPCO) is joining forces with Australian blockchain energy trading firm Power Ledger to test peer-to-peer (p2p) renewable energy trading in Japan.

The objective is to provide communities with cheaper energy systems and offer an opportunity to generating customers to monetize their renewable energy investments by selling their excess energy peer-to-peer.

Using the Power Ledger system, KEPCO will be able to track the generation and consumption of all trading participants. It would also allow near real-time settlement of energy trades on pre-determined terms and conditions.