Thailand Turns to Blockchain to Boost Renewable Energy Push

[Paglamon]

Thailand is teaming with a blockchain firm to encourage peer-to-peer trading of renewable energy.

Announced on Monday, Thai Digital Energy Development (TDED) – a public-private joint venture – has inked a deal with blockchain energy startup Power Ledger to develop a blockchain-based digital energy business.

The deal, also in collaboration with energy suppliers in Thailand, seeks to develop solutions for peer-to-peer energy trading and environmental commodity trading, Australia-based Power Ledger said in a press release.

Ultimately, the partners aim to assist Thailand’s drive to hit a 25% renewable energy target by 2037 as the nation transitions away from fossil fuels.
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