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SunContract is a blockchain-based company that aims to decentralize the energy sector, with the goal of tailoring it to maximize the welfare of the common man. The company’s business model directly connects peers in an open energy marketplace, eliminating intermediaries, enabling P2P electricity trading.
The SunContract platform aims to empower individuals, with an emphasis on homeowners, to freely buy, sell or trade electricity. The project is being implemented in Slovenia and plans to expand into other countries. Through the platform, Slovenian households are currently witnessing electricity cost reductions while also choosing sustainable energy sources of energy.