Much has been said about Bitcoins carbon emissions. Far less has been said about the potential of blockchain to increase the efficiency of renewables by transparently managing supply and demand. Blockchain doesnt pose a threat to the planet its going to play an essential role in helping to bring about a net-zero carbon emission economy.
It is a few years in the future: You are sitting on your sofa, having a nice coffee after loading the washing machine. Youve switched it on but, of course, the Internet of Things-enabled machine checks prices and will run when it hits a cheap electricity window. The Tesla (NASDAQ:TSLA) outside in the drive is fully charged, you dont have any plans to go any further than the supermarket today, so the battery is available to sell its energy back to the grid and deposit tokens in your energy wallet if the electricity grid requires power.
Blockchain is an essential part of turning the power grid green.
Well, DER
A solar panel microgrid on a building in South Africa. Source: The Sun Exchange
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Distro Port of Rotterdam
The Port of Rotterdam. Supplied.
Ledger of Power
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Justin Sun not involved
MyCarbon Phone App. Source: ECO2 LedgerEZ Blockchains mobile bitcoin mining center in operation at a power plant. Source: EZ Blockchain
A flare for flares
Putting the pieces together
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