Blockchain will underpin our future energy system

  • The combination of smart grids, prosumers and blockchain may build a transparent platform for the cheap, clean flow of renewable energy from the grid to homes and from homes to the grid.
  • With over half the world population now living in cities, mass transport, energy systems and integration of distributed renewable energy are becoming ever more important, as is the growth of new services on top of information and communication technologies.
  • Blockchain technology has the potential to make distributed grid management easier through “smart contracts”.
  • Blockchain technology could also have a direct impact on grid management and storage, and play a central role in the rise of so-called “virtual power plants” – energy-generating resources connected across a smart grid but that aren’t necessarily concentrated in one central location.
  • Blockchain technology can disrupt the energy system and boost energy democracy.

Blockchain today might be like the internet in 1993: even though most of us don’t know what it is, a decade from now you will wonder how society ever fun…
Continue reading “Blockchain will underpin our future energy system”

What Would a Bitcoin Gold Standard Look Like?

  • Bitcoin-holders around the world could actually offset the actions of central banks, and affect the national money supply, just by chasing better returns for themselves.
  • Under a bitcoin standard, Weber points out that central banks’ key interest-rate setting power would vanish thanks to the “virtually costless arbitrage of Bitcoin across countries.”
  • The digital currency is the solution to central banking’s many problems, including a lack of transparency, a close relationship with the global power elite, and the central banks’ ability to conjure money from thin air.
  • “A central bank loses a lot of its power if it cannot control the money supply.”
  • Since bitcoins are created by the bitcoin network at a predetermined rate, a central bank under a bitcoin standard would be “limited in what it can do because it cannot act as the lender of last resort to itself” by printing unlimited amounts of its own currency, according to Weber.

The Bank of Canada imagines a bitcoin future in a new report.
Continue reading “What Would a Bitcoin Gold Standard Look Like?”

Blockchain will underpin our future energy system

  • Blockchain will underpin our future energy system
  • Blockchain technology can disrupt the energy system and boost energy democracy.
  • Blockchain technology has the potential to make distributed grid management easier through “smart contracts”.
  • For most of us, we won’t need to struggle to understand the technology, about TCP/IP and HTML once the internet took flight.
  • Blockchain technology could also have a direct impact on grid management and storage, and play a central role in the rise of so-called “virtual power plants” – energy-generating resources connected across a smart grid but that aren’t necessarily concentrated in one central location.

Blockchain today might be like the internet in 1993: even though most of us don’t know what it is, a decade from now you will wonder how society ever fun…
Continue reading “Blockchain will underpin our future energy system”

Blockchain will underpin our future energy system

  • Blockchain will underpin our future energy system
  • Blockchain technology can disrupt the energy system and boost energy democracy.
  • Blockchain technology has the potential to make distributed grid management easier through “smart contracts”.
  • Blockchain technology could also have a direct impact on grid management and storage, and play a central role in the rise of so-called “virtual power plants” – energy-generating resources connected across a smart grid but that aren’t necessarily concentrated in one central location.
  • Blockchain is the technology behind the digital currency bitcoin.

Blockchain today might be like the internet in 1993: even though most of us don’t know what it is, a decade from now you will wonder how society ever fun…
Continue reading “Blockchain will underpin our future energy system”

Blockchain will underpin our future energy system

#Blockchain will underpin our future #Energy system  #EnergyTech

  • Blockchain will underpin our future energy system
  • Blockchain technology can disrupt the energy system and boost energy democracy.
  • Blockchain technology has the potential to make distributed grid management easier through “smart contracts”.
  • Blockchain technology could also have a direct impact on grid management and storage, and play a central role in the rise of so-called “virtual power plants” – energy-generating resources connected across a smart grid but that aren’t necessarily concentrated in one central location.
  • Blockchain is the technology behind the digital currency bitcoin.

Blockchain today might be like the internet in 1993: even though most of us don’t know what it is, a decade from now you will wonder how society ever fun…
Continue reading “Blockchain will underpin our future energy system”

Blockchain will underpin our future energy system

  • Blockchain will underpin our future energy system
  • Blockchain technology can disrupt the energy system and boost energy democracy.
  • Blockchain technology has the potential to make distributed grid management easier through “smart contracts”.
  • Blockchain technology could also have a direct impact on grid management and storage, and play a central role in the rise of so-called “virtual power plants” – energy-generating resources connected across a smart grid but that aren’t necessarily concentrated in one central location.
  • Blockchain is the technology behind the digital currency bitcoin.

Blockchain today might be like the internet in 1993: even though most of us don’t know what it is, a decade from now you will wonder how society ever fun…
Continue reading “Blockchain will underpin our future energy system”

Blockchain will underpin our future energy system

  • Blockchain will underpin our future energy system
  • Blockchain technology can disrupt the energy system and boost energy democracy.
  • Blockchain technology has the potential to make distributed grid management easier through “smart contracts”.
  • Blockchain technology could also have a direct impact on grid management and storage, and play a central role in the rise of so-called “virtual power plants” – energy-generating resources connected across a smart grid but that aren’t necessarily concentrated in one central location.
  • Blockchain is the technology behind the digital currency bitcoin.

Blockchain today might be like the internet in 1993: even though most of us don’t know what it is, a decade from now you will wonder how society ever fun…
Continue reading “Blockchain will underpin our future energy system”