Blockchain, the same technology behind cryptocurrency, offers surprising and innovative solutions for countless other industries. And next up on its docket? Green energy.
The idea behind the Blockchain smart grid opens up an opportunity for viable usage of green energy sources. Sure, clean energy is growing steadily every year, albeit slowly, but its access to consumers is still wanting. Regulated markets allow the power companies to exercise a monopoly over energy distribution, maintenance, and billing, often times hiking up prices despite already enormously high profit margins. Giving the power back to the people, so to speak, can greatly reduce energy waste, open channels for conducive renewable energy sources, and turn energy into a community effort instead of a corporate machine.
Take a look at this infographic for more on the growing relationship between blockchain and clean energy, how it’s encouraging new ways to buy and sell energy, and what that could mean for the future of the environment.
Infographic by: www.lition.io
The idea behind the Blockchain smart grid opens up an opportunity for viable usage of green energy sources. Sure, clean energy is growing steadily every year, albeit slowly, but its access to consumers is still wanting. Regulated markets allow the power companies to exercise a monopoly over energy distribution, maintenance, and billing, often times hiking up prices despite already enormously high profit margins. Giving the power back to the people, so to speak, can greatly reduce energy waste, open channels for conducive renewable energy sources, and turn energy into a community effort instead of a corporate machine.
Infographic by: www.lition.io
