NextGenBeing Founder
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Loading...Introduction to Decentralized Energy Trading
Last quarter, our team discovered that optimizing energy trading with a decentralized ledger can significantly reduce costs and increase efficiency. We tried two popular solutions: Hyperledger Fabric 2.5 and Corda 5.0. Here's what we learned.
The Problem with Traditional Energy Trading
Traditional energy trading relies on intermediaries, which increases costs and reduces transparency. With the rise of decentralized ledgers, we saw an opportunity to create a peer-to-peer energy exchange. However, we needed to choose the right platform.
Hyperledger Fabric 2.5: A Deep Dive
Hyperledger Fabric 2.5 is a popular choice for decentralized applications. We implemented a proof-of-concept using Fabric's chaincode and found it to be highly customizable.
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