The blockchain is remaking the power grid in Brooklyn - Brooklyn


Jul. 7, 2016 12:33 pm

The blockchain is remaking the power grid in Brooklyn

Citizens are producing their own solar power and finding a way to trade it with each other. NPR's Gregoire Molle reports.

A sea of power lives on the roofs of Gowanus, thanks to the blockchain.

(Photo courtesy of Brooklyn Microgrid)

Alternative energy generation, cryptocurrency markets, Brooklyn rooftops, this story has everything.

For anyone interested in the future of contracts and markets or green energy, check out this fantastic writeup by NPR’s (and formerly Brooklyn’s) Gregoire Molle: “How Blockchain Helps Brooklyn Dwellers Use Neighbors’ Solar Energy.”

The piece focuses on two Brooklyn-made applications that allow neighbors who produce excess electricity from roof-mounted solar panels to sell it to each other. Currently it’s not permitted for individual citizens to sell electricity to each other, but there’s nothing in the law that says you can’t trade it for tokens on the Ethereum platform through a smart contract. So, yeah.

“I know exactly where my money is going, and I know that the benefits are being engaged right here in my community,” Brooklyn’s Robert Sauchelli told NPR.

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