London-based technology start-up Verv has become the first UK business to trade energy on the blockchain. The trade took place on Wednesday 11 April on the Banister House Estate, a social housing community in Hackney powered by 13 rooftop solar panels. The transaction went through Verv’s energy trading platform and saw 1kWh of electricity being sent from an array of panels producing excess power to a resident in another block within the estate. The project is at its trial phase and aims to reduce residents’ bills, enable them to trade energy between themselves and eventually create a “fully empowered, almost self-sustaining community”. Verv CEO & Founder Peter Davies said: “We plan to use the results of this trial to roll out more energy trading communities across the UK and in turn globally.”