Energy Blockchain Testing Underway by South Korean Science Ministry
Restart Energy April 5, 2018 No Comments
The Science Ministry in South Korea have started testing an energy blockchain system to encourage local renewable energy installations. This follows a pledge to increase renewable energy’s share of the electricity generation mix to 20% by 2030. In December 2017, the Science Ministry and KEPCO announced it would begin trials of a blockchain based service that would allow consumers to sell electricity to their neighbours.