On March 7th, SPACE10 released details of
SolarVille, its blockchain based energy project. The company is a Copenhagen based design lab focused on sustainability, backed by Swedish furniture giant Ikea. Solarville aims to use distributed ledger technology (DLT) to provide a self-sufficient electricity network.
The company claims that roughly 1.1 billion people without reliable access to power are disadvantaged by the current energy infrastructure. Hence SPACE10’s vision is to democratize access to electricity by removing the need for a centralized grid.
SolarVille combines solar panels, microgrids, and DLT to create a new way for communities to “leapfrog” the traditional grid.
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