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 Technical.ly 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.
Read the full story
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!