Toyota, UTokyo and Trende to Test Blockchain-Based Electricity Trading System

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The University of Tokyo, Toyota and Japanese online renewable energy retailer Trende Inc. plan to jointly conduct the tests. The University of Tokyo, Japanese car manufacturer Toyota Motor Corporation and Japanese online renewable energy retailer Trende Inc. plan to jointly conduct tests for a blockchain-powered electricity system. The news was revealed in an official Toyota press release on May 23.The pilot, scheduled for June 17, will reportedly test a peer-to-peer electricity system that allows homes, enterprises and electronic vehicles that are connected to the power grid to trade electricity using blockchain. The initiative will reportedly be focused on Toyota’s Higashifuji…
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Toyota, UTokyo and Trende to Test Blockchain-Based Electricity Trading System

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