The blockchain-powered solution will enable Vicinity to manage its energy use and distribution in real-time, switching between solar and national grid energy. The trial is about to start in Castle Plaza – the company’s mall located in Adelaide, South Australia.
The new blockchain platform will allow Vicinity to manage energy distribution in real time, deciding whether to keep using solar panels or switch to the national power grid. In the case of a positive outcome Vicinity’s shopping malls will be able to share energy with nearby communities that are connected to its power network. In addition, blockchain solutions might help conserve the environment and reduce energy costs.