The problem Peer to Peer electricity trading Platform solves

Grid Inefficiencies: Traditional energy grids often suffer from inefficiencies, leading to energy losses during transmission and distribution. By decentralizing energy trading, the platform reduces dependency on centralized grids.
Environmental Impact: The platform promotes the use of renewable energy sources by facilitating peer-to-peer trading of clean energy.
Empowering Prosumers: The platform empowers both energy producers and consumers, allowing individuals and businesses to become prosumers—producing and consuming energy. This democratization of the energy market encourages a more inclusive and participatory approach to energy management.
nnovation and Technological Integration: Embracing decentralized energy trading fosters innovation in the energy sector. It encourages the integration of cutting-edge technologies such as blockchain, smart grids, and IoT devices, optimizing energy production, distribution, and consumption.
This system would provide a financial incentive for bug hunters to find and report vulnerabilities in microgrids.
Users will earn energy credits for producing excess renewable energy, which will be used for trading or offsetting carbon emissions.
Microgrids can support EV charging stations, allowing EV owners to pay for charging services using cryptocurrencies. Automatic bug bounty hunters help secure the payment and charging processes.

Challenges we ran into

Consensus Protocol:
In building a blockchain-based electricity trading platform selecting an appropriate consensus protocol was a challange. The choice between Proof of Work (PoW) and Proof of Stake (PoS) significantly impacts scalability, energy consumption, and transaction speed. Striking a balance that aligns with the platform's goals while considering environmental impact was crucial.

User-Friendly UI:
The success of any technology relies on user adoption, and blockchain is no exception. Creating a user-friendly interface is paramount to ensure that users, ranging from consumers to energy producers, can navigate the platform effortlessly. Design considerations prioritized simplicity and clarity to avoid alienating those unfamiliar with advanced technologies.

Raspberry Pi Operating Problems:
As the platform may interact with various devices, including edge devices like Raspberry Pi, compatibility issues and operational challenges arised. Ensuring seamless integration with devices like Raspberry Pi was essential to guarantee the reliability and functionality of the platform across diverse hardware ecosystems.

Third-Party Elimination Issues:
Governments and regulatory bodies play a pivotal role in the energy sector. However, achieving cooperation and eliminating unnecessary third-party interventions is a significant roadblock.

Multi-Chain Platform:
Designing a platform that operates on multiple blockchains introduces complexities related to interoperability, security, and governance. Developers must address challenges in synchronizing data across different chains, maintaining consistency, and ensuring seamless transactions between diverse blockchain networks.