TERI develops blockchain based P2P platform

The Energy and Resources Institute has developed a platform to facilitate peer-to-peer transactions of solar energy among consumers in the same neighbourhood. The institute has developed a blockchain-based prototype in partnership with Sofocle Technologies, a Noida-based blockchain start-up. In the prototype, electricity subscribers can securely sign in to their accounts, set bids and quote their own price for locally generated energy. A separate portal for distribution utilities is also available for user and meter identity management.