https://www.newpower.info/2018/04/centrica-to-test-blockchain-peer-to-peer-energy-trading-in-cornwall-local-market/ Expert information for all those invested in the UK's energy future Fri, 20 Feb 2026 08:08:27 +0000 hourly 1 http://wordpress.org/?v=3.6 https://www.newpower.info/2018/04/centrica-to-test-blockchain-peer-to-peer-energy-trading-in-cornwall-local-market/#comment-27482 Simon Roberts Fri, 04 May 2018 07:56:12 +0000 http://www.newpower.info/?p=4994#comment-27482 Blockchain is quite possibly an energy intensive sledge hammer to crack what is a relatively simple transactional nut. Energy transactions typically don’t share the characteristics for which blockchain is most suited (see https://eprint.iacr.org/2017/375.pdf), not least because you still need a meter, verification of which sits outside the chain. Here’s hoping Centrica properly assesses energy impacts of blockchain processing of each transaction (and how that will grow) and other more straightforward options for achieving same peer-to-peer trading outcome. And publishes findings.

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