Blockchain, or distributed ledgers, provide the ability to overcome the complexity involved with a distributed energy ecosystem. By leveraging the automation of peer-to-peer transactions (through smart contracts), the grid can be enabled to essentially run itself.
Bracing For Blockchain: Distributed Ledgers Poised To Drive Adoption Of Distributed Generation
The distributed energy revolution is already underway. In 2008, New York City boasted a fleet of backup generators estimated at about 2 gigawatts, or roughly 20% of the annual coincident peak demand. Nearly 15% of homeowners in the United States own a backup generator, according to Generac, a manufacturer of generators [...]