Verv Registers First Blockchain Energy Trade in The United Kingdom |

Verv, the smart energy assistant, has achieved a new milestone for blockchain technology. The company has registered the first ever energy-related trade on the blockchain in the United Kingdom (UK). This is a very important step for the blockchain industry that keeps moving forward backed by several enterprises and governments. 

Verv Energy Transaction

Back in November 2017, Verv announced that it was launching the UK’s first energy trading community on social housing. Now, using this technology created by the company, it was possible to send one kilowatt-hour of solar electricity to another residential building, informed Verv.

The trade took place on the Hackney Banister House Estate, that has solar panels installed on 13 of the blocks of flats.

VERV CEO & Founder, Peter Davies, explained:

“We’re so pleased to bringing the Verv renewable energy trading platform to life on Hackney’s Banister House Estate, we want to use this technology to empower the residents to innovate and create their own trading community. We plan to use the results of this trial to roll out more energy trading communities across the UK and in turn globally.”

Agamennon Otero, Co-CEO & Co-Founder of Repowering London has also given his opinion explaining that they have been building a community energy in the UK. He said that they are very proud to be working with this new technology and with this trial.

“Over the past 7 years we have built community energy in the UK; from the first inner city community energy projects on social housing to driving policy,” explains Mr. Agamennon Otero. The Shangri-La of Community Energy is to enable smart, easy, access to energy for its members. We are proud not only to be working on this but that we can place this leading technology trial into the urban homes and hearts of those most in need for it.”

Chile Works with Blockchain Technology

Private enterprises are not the only ones benefiting from this technology and investing on it. Indeed, different governments from all over the world are implementing blockchain in order to improve their services.

The Comisión Nacional de Energía de Chile (CNE) has launched a pilot that is based on the Ethereum’s blockchain.

The statement released by the CNE reads:

“Within the framework of the proposed objectives to gradually incorporate greater innovation to the energy sector, the Minister of Energy Susana Jiménez, announced that as of today, the National Energy Commission (CNE), will begin to use Blockchain technology to increase the levels of security, integrity, traceability, and confidence of the public information available, raising the standards that certify the quality and certainty of the data that is published to and from our energy sector.”

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Image Courtesy of Evening Standard



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