Aussie Beer Can Now Be Exchanged for Excess Solar in New Program Involving Blockchain

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One in every of Australia’s iconic beers can now be exchanged for extra energy generated by photo voltaic with the assistance of blockchain expertise.

In keeping with a press launch on Wednesday, Victoria Bitter (VB) has launched its Photo voltaic Change program permitting members to change credit score on their energy invoice generated from photo voltaic panels for slabs of beer.

VB will obtain the photo voltaic credit it obtains beneath the change from Diamond Power, Energy Ledger expertise permits customers to hint the transactions of rooftop photo voltaic power on a public ledger and to commerce extra power produced on an open market.

Prospects who signal as much as this system can observe how a lot beer they’ve earned primarily based on what number of photo voltaic power credit they’ve exchanged with VB.

Each AUD$1.25 generated in extra earns a program participant one VB, 24 VBs, price roughly AUD$30, will get a case of beer delivered to their entrance door.

This system, which at present has 500 spots accessible, is a part of Asahi Drinks’ sustainability agenda following its acquisition of Carlton & United Breweries final 12 months, based on the discharge.

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