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Decentralized Energy is Key to a DeFi Future

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imageCryptocurrency14 hours ago (Aug 03, 2020 03:20PM ET)

Decentralized Energy is Key to a DeFi Future

Decentralized Energy (DeEn) leverage DApps and smart contracts on Ethereum to conduct transactions and trade energy assets. In a paper released July 31, Lition, a Berlin-based sustainable tech startup that has launched a blockchain-based marketplace allowing consumers to choose between multiple energy providers, DeEn has the same “structure, advantages, and logic” as DeFi, or Decentralized Finance.

Similar to DeFi where trades of digital assets are peer to peer, DeEn allows consumers to know exactly where their energy is coming from, Lition said. It empowers consumers to choose where their electricity comes from and change it quickly and securely. The company used its decentralized marketplace as an example saying:

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Decentralized Energy is Key to a DeFi Future

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