WCT's Decentralized Practices in Energy Trading
Direct trading between producers and consumers of distributed energy (such as solar and wind energy) faces issues such as complex settlement and lack of trust. Based on the WCT energy trading platform, residents can sell excess electricity from their solar panels to neighbors, with transactions settled in WCT. Electricity data is recorded on the blockchain via smart meters, automatically completing billing and payment. After applying WCT in a community energy project, energy trading efficiency improved by 70%, residents' electricity costs decreased by 15%, and the usage rate of clean energy increased by 20%, promoting the decentralization and sustainable development of the energy system.
