Smart grid uses blockchain for sharing energy
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We have seen microgrids deployed around the world to provide sustainable energy, with projects providing solar power to homes in rural Africa. Now, a microgrid in the US is using smart contracts that buy and sell energy securely using blockchain. Transactivgrid is a sustainable energy grid based in Brooklyn, New York. The grid connects users to solar energy in the neighborhood, and makes use of a blockchain system to ensure all payments are secure. The startup says this offers a hardware and a software solution. The grid uses nodes to count up transactions between users buying and selling energy. Blockchain, a by-product…
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