I just saw the government's initiative in India on P2P trade. It's talking about "controlled trade" something that sounds a little centralized, but that's another story. I want to focus this time on how interesting this project can become. It is something that in the not too distant future could have a profound impact on the concept of decentralization of public services.
It is a pilot project that seeks to demonstrate the feasibility of commercializing solar energy produced on the roof of houses or buildings. The energy produced will be sold to neighboring houses using blockchain technology.
It will have the support of the Australian blockchain company Power Ledger that through its platform tracks the trade of solar energy in real time, sets prices and allows to send transactions through smart contracts on a blockchain network.
It has been said before and has to be repeated, the possibilities of creating new things with blockchain are endless. These pilot projects can become the beginning of what are called "Smart Cities" which comes to be an entire integrated ecosystem with blockchain technology within a city.
Let us remember that a public blockchain implies decentralization coupled with consensus. So in this sense P2P trading would be regulated by the consensus of the community itself automatically. Just as bitcoin miners create a block every 10 minutes, the supply network could create the generation and demand data for each home connected to it.
The first stage of the project will culminate in March of next year 2020, undoubtedly with the expansion of applications of technology as this will give much to talk about next year.