Cheaper energy due to the unaltered ledger is real. Lition, an Ethereum-based project, supplies 12 largest German cities with energy at a lower cost by directly connecting citizens with energy producers. Here’s more about the project.
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Energy consumers in such German cities as Berlin, Munich and Hamburg and others are now benefiting from the DLT. According to Lition, on the whole, over 700 households are using its services to purchase cheaper energy.
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Lition, a authorised in Germany energy provider, is build on Ethereum unaltered ledger. Thus, it obviates the need for intermediaries in the energy supply chain.
As choose between such options as:
- Wind
- Energy
- Biomass
Moreover, it’s consumers who decide which provider to choose, and, apparently, it appears to be the cheapest one, Lohwasser stressed.
The payment for the service is done in euros directly to Lition. It is noteworthy that this project plays the role of an intermediary too, though its role is only informational in the energy supply chain.
However, not everything is so «sunny,» Lohwasser admits. The company’s exec says Ethereum is a slow system. He even called it «not a good» one. The issue is that it might take 20-30 seconds to let the clients know whether they can purchase energy. To overcome the struggle, Lition started looking into other options, but Lohwasser says all DLT networks have their own disadvantages.
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