The joint venture project between The Blockchain & Climate Institute (BCI) and The Purnomo Yusgiantoro Center (PYC) for Innovate UK Energy Catalyst Round 8: Clean Energy Access Feasibility Projects was specifically focused on addressing the energy challenges faced by rural communities in Indonesia.
Indonesia is the largest archipelago in the world and has a significant population living in rural areas without access to reliable and affordable electricity. The project proposed by BCI and PYC aimed to develop a blockchain-based platform for energy trading that would enable peer-to-peer energy transactions in these communities. The platform would allow individuals and communities to buy and sell excess energy generated from renewable sources such as solar and wind power, without the need for intermediaries such as utility companies.
The project aimed to promote the use of renewable energy sources in Indonesia, reducing dependence on fossil fuels and mitigating the impact of climate change. The blockchain-based platform would provide a transparent, secure, and automated way of exchanging energy, which could potentially increase access to affordable and reliable energy services for rural communities.
The joint venture project between BCI and PYC aligned with the goals of the Innovate UK Energy Catalyst Round 8: Clean Energy Access Feasibility Projects, which was aimed at supporting innovative clean energy solutions that increase access to affordable, clean energy services in sub-Saharan Africa, South Asia, and Southeast Asia.
Overall, the proposed project had the potential to make a significant impact on the lives of people in rural communities in Indonesia by providing access to clean and affordable energy services.