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China’s Top University Has Developed a Decentralized Network to Trade Energy

China’s Top University Has Developed a Decentralized Network to Trade Energy

Researchers from one of the major universities in China reportedly have built up a decentralized exchange, not for crypto assets but rather for unused power.

Enabling Users to Trade Energy

In January, a group from China's Fudan University has filed a patent application, which was released last Friday, August 3. The document introduces the workings of an electricity exchange based on blockchain, that will assign power sellers and purchasers as nodes on the network and enable them to safely trade unused power without middlemen.

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