18 May '17, 3pm

Blockchain energy apps may hit the grid faster than you expect

Blockchain energy apps may hit the grid faster than you expect

It isn’t just banks that are experimenting with practical uses for blockchain, the distributed ledger system underlying bitcoin and other digital currency technologies. It turns out that many utilities are also supporting skunkworks projects, as evidenced by the strong group of early supporters that last week lined by behind an initiative intended to accelerate adoption. Technically speaking, the Energy Web Foundation — a non-profit created to encourage energy applications for the blockchain , ranging from electric vehicle charging schemes to peer-to-peer trading of distributed power — launched earlier this year . But its bigger splash came last week when cofounders Rocky Mountain Institute (RMI) and Grid Singularity revealed that 10 energy companies are already on board. Here’s a rundown of the participants (listed alphabetically): Centrica, the British utility, which is ...

Full article: https://www.greenbiz.com/article/blockchain-energy-apps-m...

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