Tokyo University, Toyota and renewable energy company Trende Inc. will jointly test a blockchain power supply system

According to a Toyota official press release on May 23, the University of Tokyo, Japanese automaker Toyota Motor Corporation and Japan's online renewable energy retailer Trende Inc. plan to jointly test a blockchain power supply system. The pilot, scheduled for June 17, will test a point-to-point power system that allows homes, businesses, and electric vehicles connected to the grid to use the blockchain for power trading. According to reports, the plan will focus on the Toyota East Fuji Technology Center and its surrounding areas.