Her answer was blockchain technology and it was with this idea that Power Ledger was born. Power Ledger is a peer-to-peer, blockchain-based energy trading platform, where renewable energy can be sold between buyers and sellers without a middleman. Power Ledger uses blockchain technology to allow buyers and sellers to trade solar energy between each other without needing to rely on a third-party company. Dr Jemma Green, Co-Founder and Chair of Power Ledger told HuffPost Australia that Power Ledger formed with two key concepts in mind -- peer-to-peer trading across energy networks and peer-to-peer trading of energy within buildings. An ICO is a sale where a blockchain company like Power Ledger sells parts of their ledger to people and this gives them access to the function of the blockchain.

Source: Huffington Post October 05, 2017 05:15 UTC