Challenge Area:
Energy Access
Problem Statement:
Lack of trust in peer-to-peer energy trading hinders adoption of decentralized renewable energy systems.
Solution Concept:
A blockchain-based energy trading platform (e.g., Solana) for households to trade excess solar energy. Smart contracts automate transactions and settlements.
Expected Impact:
Increases renewable energy adoption by 15%, powering 5,000+ homes.
Next Steps:
Develop a PoC with Solana, preprocess energy data, and create API docs for grid integration.
Challenge Area:
Decentralized energy markets
Problem Statement:
Centralized energy grids limit access to renewable energy in remote areas, hindering sustainability.
Solution Concept:
A peer-to-peer energy trading platform using blockchain. Households with solar panels sell excess energy via smart contracts, with transactions settled in a native token.
Expected Impact:
Increases access to clean energy, reduces reliance on fossil fuels, and incentivizes renewable energy adoption.
Next Steps:
Build a PoC with smart contracts for energy trading on Ethereum, integrate a mock energy meter, and test transaction flows.