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Blockchain to power Marubeni's market for used solar panels in Japan

Project aims to promote trading as replacement cycle approaches

Marubeni operates solar farms like this one in Japan's Nagano Prefecture. (Photo courtesy of Marubeni)

TOKYO -- Japanese trading house Marubeni will set up a market for used solar panels featuring blockchain technology to maintain accurate records and prevent fraud.

The company plans to launch a website as early as next fiscal year where buyers and sellers can provide information and make trades. Marubeni itself will participate in the market, looking to make money from buying, selling, exporting and generating power from used panels.

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