19 May
0
Nasdaq Blockchain to build a Solar Energy Market
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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12 Apr
0
Ethereum Used for Paid Energy
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 daily to facilitate their peer-to-peer exchange.
During an intereview with Coindesk, Orsini commented:
“All the projects that we’re working on are squarely focused on the emerging distributed economy, peer to peer concepts. They’re all squarely focused on distributing and decentralizing assets into communities, into people’s hands, the new economy of the future.”
Thanks to LO3 and ConsenSys, the American resident Eric Frumin had the chance to sell renewable energy directly to Bob Sauchelli, the former program manager at EnergyStar.
The energy created by Frumin’s solar panel is tracked on the blockchain.
Sauchelli commented:
“With this arrangement, I’m going to pay him the whole premium, it won’t cost me anymore. I’m going to pay him what I’d pay the power company, but he’s going to get the whole premium, not just the wholesale rate”.
Bitcoin for Electricity
It’s not the first time we hear about electricity sold for cryptocurrencies and tracked through the blockchain.
In fact, during the MIT Enterprise Forum of Cambridge it was presented a new startup called Usizo, a crowdfunding company who is trying to improve energy payments between users and schools in the African country.
Read more about Usizo here.
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