Blockchain technology is defined as an encrypted and distributed records
of transactions within a network where identical replicas of
transactions are adequately distributed among the network participants.
Asymmetric encryption allows each blockchain participant to get control
over full node that publish new blocks, authorize the blocks and update
the ledger. The significant factors that compel the blockchain
technology to be utilized in energy sector is the mismatch between the
energy supply and demand at territorial levels, transparency in energy
transactions, security of solar assets, creating a direct relation
between energy supplier and consumer and most imperative the wide-spread
of green energy. SolarCoin develops a way for peer to peer energy
transactions and secure storage of solar energy data into its public
blockchain. Solar installation is registered with SolarCoin foundation
by exhibiting genuine documents of the plant that certify its proof of
generation and activity over time. The owner of successfully registered
solar installation is rewarded with SolarCoin based digital currency
known as SLR in result of every Mega Watt hour (MWh) of solar energy
generated.