Blockchain-enabled P2P (distributed) energy trading makes it cheaper and easier to make smaller transactions, it will become easier for retail consumers to trade surplus energy with one another; this will incentivize retail consumers to produce their own electricity, often via renewable energy sources like solar panels,and reduce society’s overall reliance on carbon-based electricity.
Parth's P2P Energy is a global, decentralized energy supply platform Innovative features of P2P blockchain Platform include: Any registered user can buy or sell from any other registered user Some consumers are also generators (e.g. wind/solar) as large power stations (gas, coal, nuclear) are being replaced with thousands of consumer-generators (prosumers). P2P: All parties in our ecosystem are able to trade directly with each other.
Using cutting-edge artificial intelligence technology, Parth's P2P Energy identifies key appliances in the home by their unique energy signatures and knows when they here being used and for how long, in real-time. With this knowledge, Parth's P2P Energy can build up a user profile for each home, based on its behaviour patterns.
The second element of our energy trading solution involves combining blockchain technology with Parth's P2P Energy with AI functionality. Parth's P2P Energy is peer-to-peer energy trading platform uses the blockchain to allow consumers who produce their own green energy locally, to sell their excess power directly to their neighbours at an affordable price.
Parth's P2P Energy machine learning functionality is able to anticipate the supply and demand of power based on the real-time energy profiles of individual homes. We also use AI-based satellite data about cloud coverage and cloud opacity to determine the expected supply of solar power. That way, we can trade green energy for consumers, in advance, in order to get them the best price. So you get green energy from your neighbour for cheaper than you could from the grid. This way both sides win!