Home / Crypto News / Toyota and the University of Tokyo Start Demonstration Test of Power Trading Using Blockchain Technology

Toyota and the University of Tokyo Start Demonstration Test of Power Trading Using Blockchain Technology

HOME> News> Toyota and the University of Tokyo Start Demonstration Test of Electricity Trading Using Blockchain Technology

トヨタと東京大学がブロックチェーン技術を活用した電力売買の実証実験を開始

kaz 【CRYPTO TIMES Official Writer】

kaz Coin Desk News

A university student who graduated from high school in Switzerland and attends an American university. We entered the cryptocurrency last June and started investing in the fun and attractiveness.

The three companies, the University of Tokyo, the University of Tokyo, Toyota Motor Corporation, and TRENDE Corporation, announced that they will start demonstration experiments to realize power trading using block chain technology .

TRENDE assumes that the power supply system is changing from large-scale intensive type to decentralized type with the change of the times , the price fluctuation due to the supply and demand situation of electric power, and the bidirectional self-supporting supply system for direct trading I am verifying.

In this experiment, a power exchange will be established, and an energy management system (power trading agent) using AI will be deployed at participating households and business sites. This agent will place an order to the exchange according to the consumption and power output of each home or office.

The algorithm matches these buy and sell orders at the power exchange, which makes it possible to exchange power between individuals.

The demonstration test is scheduled to be implemented in Toyota’s Fuji Research Center and surrounding area in about one year from June 17 this year.

Article Source: TRENDE Inc.

Related articles From the same writer

Popular articles of the same category

Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/electricity-with-blockchain/

Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for entertainment and informational purposes only. We are not an investment advisor and do not provide financial advice.

Please check the articles which have not been reviewed and verified all articles posted on CoinNewsDesk.com. Please independently research and verify any information found here before relying on facts. It is also important to do proper due diligence and analysis, including involving disciplines No content on Coin News Desk makes up a recommendation to enter in any type of investment or any investment in any investment strategy presented on this website. before making any decision regarding investments or your personal finances.

About Coin News Desk Team