While the push for renewable energy is gaining traction, consumers are still tied to large power grids and the even larger cartels who control them. But things might be changing. In 2016, the first ever blockchain managed energy transaction occurred in Brooklyn through a microgrid that allows users to trade energy through a virtual, peer-to-peer system built on blockchain technology.
The European Commission (EC) has opened a 500,000€ call for proposals to set-up a European expertise hub on blockchain and distributed ledger technologies to better understand the opportunities and challenges related to these technologies, keep up with emerging trends, and “help the EU to stay at the forefront […] and show leadership in the field.” […]
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