The use of blockchain technology to represent real-world commodities, such as electricity, is gaining traction on the XRP Ledger.
A project called JMWH, which issues tokens representing megawatt-hours of electricity, has been recognized in a congressional hearing on tokenization and digital assets.
The value of these tokens, backed by established power providers, has reached $861 million, with the total value of tokenized assets on the XRP Ledger standing at approximately $2.3 billion.