1. Eon and Enel Trade Power Using Blockchain Technology for the First Time

    Eon and Enel Trade Power Using Blockchain Technology for the First Time

    German power provider Eon and Italian electric utility Enel have traded electricity over a new market place, which uses blockchain technology. The business could be handled directly and in a matter of a few seconds, the German energy company said. There is no need for a central broker, which reduces the cost of electricity procurement. In the future, customers should profit from this direct electricity trading via Blockchain and thus from the cost reduction, continued Eon.

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