In the countryside of South Australia, a electrical company is developing a localised blockchain energy trading platform for trading renewable energy generated in the community.
It is being driven by rising electricity prices, an ample supply of wind and solar power and a can-do spirit of innovation.
"The intention is to give power and choice back to the customer with what they do with renewable energy, whether it’s battery or solar," said Mark Yates, managing director of Yates Electrical. "The other option is to give them the opportunity to decide what power source they want to buy from."
The Blockchain technology is being supplied by LO3 Energy.