Decentralized Energy Marketplace for Peer-to-Peer Energy Trading

GreenLoom introduces a decentralized energy marketplace where users can buy and sell excess energy. If a household generates more energy than it needs (for example, through solar panels or other renewable sources), it can sell this excess energy to others in the community or directly to energy providers via the platform.

This marketplace is facilitated by smart contracts that automatically handle transactions between users, ensuring fairness and transparency in pricing. The dynamic pricing model adjusts based on supply and demand, making energy trading more efficient and affordable. By participating in this marketplace, users can not only reduce their energy costs but also help others access cheaper, cleaner energy.

This peer-to-peer energy trading system fosters a sense of community and further drives the decentralization of the energy market, breaking down traditional barriers where centralized energy companies control the pricing and distribution.