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Thai Oil and Gas Firm Develops Blockchain-Based Renewables Platform

“Thai state-owned oil and gas company PTT and blockchain energy nonprofit Energy Web Foundation (EWF) are jointly building a blockchain-based renewables platform” writes Ana Alexandre for cointelegraph.com. The new product will also be compliant with the International Renewable Energy Certificate (I-REC) Standard, which certifies renewable energy sources.EWF CEO Jesse Morris said that the blockchain-based platform will help to connect supply and demand for the certificates.The United States Department of Energy awarded a $1.05 million grant in August to organizations working to commercialize a blockchain-based energy transaction platform.
 
Source: cointelegraph.com



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