{"id":49,"date":"2016-04-12T15:50:00","date_gmt":"2016-04-12T15:50:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/ethereum-used-for-paid-energy\/"},"modified":"2016-04-12T15:50:00","modified_gmt":"2016-04-12T15:50:00","slug":"ethereum-used-for-paid-energy","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/04\/ethereum-used-for-paid-energy.html","title":{"rendered":"Ethereum Used for Paid Energy"},"content":{"rendered":"
\n<\/a><\/div>\n
\n<\/div>\n
\nAn American resident used the Ethereum<\/a> blockchain<\/b> to sell energy to his neighbors.<\/div>\n
\n<\/div>\n
\nThe two men did the transaction through the LO3<\/b>,<\/a> a startup that aims at changing the energy industry. <\/div>\n
\n<\/div>\n
\nLawrence Orsini,<\/b> founder at LO3, explained that his startup wants to show how people can use the blockchain daily to facilitate their peer-to-peer exchange.<\/div>\n
\n<\/div>\n
\nDuring an intereview with Coindesk<\/b>, Orsini commented:<\/div>\n
\n<\/div>\n
\n\u201cAll the projects that we\u2019re working on are squarely focused on the emerging distributed economy, peer to peer concepts. They\u2019re all squarely focused on distributing and decentralizing assets into communities, into people\u2019s hands, the new economy of the future.\u201d<\/i><\/div>\n
\n<\/div>\n
\nThanks to LO3 and ConsenSys<\/b>, the American resident Eric Frumin<\/b> had the chance to sell renewable energy directly to Bob Sauchelli<\/b>, the former program manager at EnergyStar<\/b>. <\/div>\n
\n<\/div>\n
\nThe energy created by Frumin\u2019s solar panel is tracked on the blockchain. <\/div>\n
\n<\/div>\n
\nSauchelli commented:<\/div>\n
\n<\/div>\n
\n\u201cWith this arrangement, I\u2019m going to pay him the whole premium, it won\u2019t cost me anymore. I\u2019m going to pay him what I\u2019d pay the power company, but he\u2019s going to get the whole premium, not just the wholesale rate\u201d.<\/i><\/div>\n
\n
<\/i><\/div>\n

\nBitcoin for Electricity<\/h3>\n
\nIt’s not the first time we hear about electricity sold for cryptocurrencies and tracked through the blockchain.<\/div>\n
\n<\/div>\n
\nIn fact, during the MIT Enterprise Forum of Cambridge<\/b> it was presented a new startup called Usizo<\/b>, a crowdfunding company who is trying to improve energy payments between users and schools in the African country.<\/div>\n
\n<\/div>\n
\nRead more about Usizo here.<\/a><\/b><\/p>\n

\n
Multicurrencies Wallet<\/b><\/h3>\n

\nDo you like cryptocurrencies? Open a new wallet here for FREE! <\/a><\/b><\/p>\n<\/div>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

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. […]<\/p>\n","protected":false},"author":2,"featured_media":446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,76,101,259,263,264,270,298,407],"tags":[764,793,935,939,940,944,974,1068],"yoast_head":"\nEthereum Used for Paid Energy -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2016\/04\/ethereum-used-for-paid-energy.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Used for Paid Energy\" \/>\n<meta property=\"og:description\" content=\"An American resident used the Ethereum blockchain to sell energy to his neighbors. 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