IOTA Foundation-Led Cost-Efficient Energy Trading Platform Is Now Business-Ready

The IOTA Foundation-led and EU-Funded project, CityxChange, is business-ready according to a research finding published by the European Commission on Sep 9. As part of the whole sustainability goal, CityxChange will incorporate local renewables, local storages, and a P2P energy trading platform where IOTA Foundation is the key innovator under the EU’s initiative called Innovation Radar.

Innovation Radar points out innovators and potent projects within EU-funded research programs while assessing their market readiness. As per Innovation Radar, the CityxChange is now mature and market-ready meaning “concrete market-oriented ideas have been put together (e.g. market studies, business plans, end-user engagement) but further progress on technology development is required (about 20 percent of all innovations are in this category).”.

Timeline of Iota