Last week Toyota
announced plans to use blockchain for a prosumer electricity trading test with the University of Tokyo and TRENDE. The project will explore electricity trading amongst individuals and businesses where solar panels generate the power which is stored in secondary batteries and electrified vehicles.
Japan is perhaps the most active region where blockchain is being explored for electricity trading and smart grids.
In Japan following the 2011 tsunami, all nuclear plants were shut down for several years. In 2015 some nuclear reactors started to come back online, but as of February 2019, only a small fraction were running, with many in the process of restarting. Some of those restarts are in doubt because of delays in complying with anti-terrorism measures.
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