A Design of Photovoltaic Plants Financing Platform Based on Blockchain Technology

Abstract

Among several common financing methods for solar project, loans from banks requires many conditions that are not easy to meet. Finance lease is easier to acquire but the interest rate is usually higher than loans. Internet financing lacks credibility and efficient regulation methods. Blockchain provides a decentralized, tamper-resistant, auditable ledger. This paper proposed a design of photovoltaic plants financing platform based on blockchain technology. The open source blockchain framework Fabric is used and smart contracts are developed to conduct automatic and compulsory transactions, thus improving the efficiency of financing process.