Category Archive: usizo

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Nasdaq Blockchain to build a Solar Energy Market

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Today, during an event organized by Nasdaq, the well-known stock exchange announced its new service that allows solar power providers to sell certificates using its Linq blockchain.
This special solar panels are linked to the Internet connection through a technology created by Filament, a Nevada blockchain startup that built a system able to connect traditional devices to the internet.
Thanks to the Nasdaq private blockchain called Linq, it is possible to create certificates that can be purchased by anyone who wants to finance the solar energy.
Even if there were a couple of bugs, the resultant certificate appeared on the screen during the live video demonstration.
During an interview conducted by Coindesk, Alexander Zinder, director of the global software development at Nasdaq, cleared up how this new technology works.
“The solar panel is actually hard-wired into the IoT device through a converter which enables us to measure the wattage they’re putting out and producing into the grid.”
This innovative project was born thanks to a partnership between Nasdaq and IDEO’s CoLab.
“We think it’s a very compelling use case, but there’s a lot of opportunity, but it’s extremely early in our exploration”, continued Zinder.

Blockchain and energy: Usizo

This is not the first time we hear about a project related to energy and the blockchain.
A few months ago, in fact, we talked about Usizo, a crowdfunding company who is trying to improve energy payments between users and schools in the African country.
Usizo works thanks to a smart meter that accept digital currencies and through a crowdfunding platform where people can donate their bitcoin.
Donators can see the electricity needed by a school and can know how much he will contribute based on the BTC he donates.

Ethereum used for Car Charging

Also, a German power company, RWE, started a partnership with the Ethereum-based startup Slock.it, to develop proofs-of-concepts using the Ethereum blockchain.
RWE Carsten Stöcker commented:
 
“We would like to solve the problems and really push electric vehicle deployment forward by looking into establishing a seamless and affordable electrical charging infrastructure.”

How to pay energy with Ethereum

An American resident used the Ethereum blockchain to sell energy to his neighbors.
The two men did the transaction through the LO3, a startup that aims at changing the energy industry.
Lawrence Orsini, founder at LO3, explained that his startup wants to show how people can use the blockchain on a daily basis to facilitate their peer-to-peer exchange.

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Amelia Tomasicchio
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Electricity through Bitcoin

On February 2016, MIT Enterprise Forum of Cambridge organized an event about clean energy distribution and how the blockchain can help this so important sector. 
This event was sponsored by the Massachusetts Clean Energy Center, an organization who wants to diffuse clean energy, of course. 
One of the most interesting project was the one presented by Usizo, a crowdfunding company who is trying to improve energy payments between users and schools in the African country. 
During the event Usizo presented its demo that has allowed to turn the light on at the Emaweni Primary School in Soweto.
CEO of the blockchain startup Bankymoon, Lorien Gamaroff, explained how electricity in South Africa works: rather than paying for electricity after it is received, users have to pay for it in advance; and it could be very expensive for those who live in a peripheral area. Also, this system relies on third parties who act between final customers and power companies, so prices get higher.
“A prepaid payment system makes the energy a lot more expensive because those vendors need infrastructure, there’s traveling cost, and it’s also very expensive to make those payments. If you’re in a remote area and your lights go out, there’s no way to make a payment, no easy or electronic way to do it.”
But this situation can be fixed thanks to digital currencies:
“You can now have a smart meter, a bitcoin blockchain-enabled meter, and foreign donors can send money directly to the meter without having to send it to an organization that will take or re-distribute the funds.”

How Usizo works

Usizo works thanks to a smart meter that accept digital currencies and through a crowdfunding platform where people can donate their bitcoin.
Donor can see the electricity needed by a school and can know how much he will contribute based on the BTC he donates.

What’s next?

During a recent interview with Grid Singularity CEO Ewald Hesse, Usizo won’t be only a test. 
According to him, in fact, the startup will partner with some non-governmental organizations to keep the lights on and help the education in Africa. 
Grid Singularity is a startup who use blockchain technology to develop an energy data exchange platform to facilitate energy data analysis, energy trade validation, trade of green certificates, investment decisions and smart grid management.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio