Decentralization is a popular term today. Decentralized production and consumption of online content.Decentralization of financial transactions through disruptive technologies such as blockchain and cryptocurrency (If you don’t fully understand the basics of this technique, you can find a detailed explanation here). In fact, this technique green power on a personal scale. How? Well, read on.
Some countries, like the United States and Australia, issue special Green Energy Consumption Certificates (Renewable Energy Certificates (REC)). This way companies like Apple can prove that their energy consumption is 100% green. Of course, the electrons supplied by a combined cycle power plant are the same as those supplied by solar cells. Therefore, verifying that utilities produce a certain amount of renewable energy and that consumers have purchased it requires expensive and sophisticated audits, and small-scale production and marketing of this kind of energy. is impeding
Here is blockchaintechniques based on creating blocks of information with unique signatures would be ideal allies for generating Renewable energy You can get a certificate at a very low cost. Therefore, even small producers can sell electricity using their own renewable energy certification process to the extent permitted by law. That’s the reasoning behind companies like Power Ledger (Australia), which offers tamper-proof meters attached to solar panels. The system also allows real-time measurement of power generation. Unfortunately, current blockchain technology only supports hundreds of certificates or transactions, called transactions, that prove that power has been bought or sold by a specific party.Of course it’s impossible to use in large operations with millions of concurrent transactions
This is where Canopus comes in, a new protocol capable of managing millions of transactions. Developed by a group of researchers at the University of Waterloo (Canada), Canopus takes into account the nearest server location instead of relaying data to the cloud. in the long run, blockchain technology And due to its fully decentralized nature, it is technically possible to create a global renewable energy certificate market.Decreasing cost of solar and wind power Combined with systems such as Canopus, the role of individual citizens can be increased and the transition to different energy models can go a step further.
“Decreasing costs for solar and wind power combined with systems such as Canopus may further drive the shift to alternative energy models.”
Blockchain beyond cryptocurrency
As you can see above, blockchain technology is far beyond the speculation-driven bunch. CryptocurrencyA company business model like Power Ledger is just one of many applications being developed today.
Electric vehicles (EVs) are another area ripe for a shift in energy models. Recently, BMW unveiled a roadmap for 15% to 25% of its vehicles to be electric-powered by 2025. This is another unstoppable revolution. blockchain It may have its own voice.
In the electric vehicle space, charging stations are still in short supply, and billing and payment procedures are complex and inconsistent. But imagine that any vehicle, private or commercial, could now have a charging station available. Something similar to an EV AirBNB. This is the approach of California startup e-MotorWerks, which is currently testing his P2P power market where individual transactions are backed by a blockchain authentication system. Each client wishing to join the network can sign up and offer their own charging points to other drivers willing to pay. Although the system is currently in beta stage, it opens up some interesting possibilities in this area.
And in the transportation and logistics sector, although at a fairly large scale, global freight forwarding could potentially use blockchain to track goods from the time they leave the factory until they are delivered to the customer’s home. This is the goal of Ship Chain, a startup disrupting the logistics industry.
BHP, the world’s largest mining company, is also considering using blockchain technology to manage its supply chain.Their system based on Ethereum Cryptocurrency, geologists, vendors and shipping companies will have to register each stage of the process using blockchain cryptography. This technology also makes use of the InterPlanetary System (IPFS), a peer-to-peer (P2P) protocol.
sauce: conversation, coin desk
