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Is Blockchain a Key to Distributed Energy and Grid Modernization?

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Is Blockchain a Key to Distributed Energy and Grid Modernization?

Post by henry2 on Wed Apr 19, 2017 3:32 pm

Could the software technology that is the backbone behind the cryptocurrency Bitcoin provide a path for electric utilities to accommodate the swirling financial transactions that accompany distributed generation and micogrids? The software technology is “blockchain,” a transaction recording software that, according to its advocates, provides “an incorrubtible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtual everything of value.”

Source : http://www.powermag.com/blog/is-blockchain-a-key-to-distributed-energy-and-grid-modernization/

henry2

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