Decentralized Energy Trading Platforms Using Blockchain

As renewable energy becomes more common, there’s a growing need for decentralized trading systems. Imagine a blockchain-based platform where users can trade excess solar energy directly with neighbors. Smart contracts would automatically execute trades when conditions are met, ensuring transparency and efficiency. By using IoT-connected smart meters, users could track energy production and consumption in real-time, and trade based on market rates. The challenge would be building a scalable blockchain network that can handle high transaction volumes, but it could make local energy grids more resilient and cost-effective.