Ethereum Used for ‘First’ Paid Energy Trade Using Blockchain Tech
The Ethereum blockchain is being used by Transactive Grid to log energy created by solar panels so that it can be sold to connected neighbors.
The California Energy Commission is funding an experimental market for carbon credit trading on the RSK blockchain, which runs on top of Bitcoin.
IBM has created a new blockchain consortium with power grid operators TenneT, Swissgrid and Terna to help facilitate the transition to renewable energy.
Bitcoin does consume a lot of energy, but it also incentivizes renewable energy through improving economics and distribution.
Ten vehicles have been outfitted with geofencing and blockchain capabilities to monitor their fuel efficiency in low-emission zones.
As the state of New York works to distribute its energy grid one company, Transactive Grid, hopes to be its blockchain-based payments network.