26 Feb '16, 5pm

The Energy Blockchain: How Bitcoin Could Be a Catalyst for the Distributed Grid

There's a new buzzword emerging in the energy industry: blockchain. Blockchain is commonly known as the public database created to track the cryptocurrency Bitcoin. It chronologically records and links every transaction made across the network, making Bitcoin more secure and keeping authentications decentralized. Blockchain is the reason Bitcoin can exist and transactions using it can be trusted. But the blockchain concept isn't limited to Bitcoin. Experts are now asking if it can be used to track the flow of electrons on a distributed grid. If the future two-way electric system is made up of billions of endpoints interacting with each other -- microgrids, solar systems, smart appliances, in-field distributed computing and energy management software -- how do you create a secure system that can verify instantaneous, autonomous transactions across these nodes as market cond...

Full article: http://www.greentechmedia.com/articles/read/the-energy-bl...

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