Sunday, August 13, 2017

Why MyBit is Creating Blockchain-Based Decentralized Solar Energy Distribution System

Why MyBit is Creating Blockchain-Based Decentralized Solar Energy Distribution System

An increasing number of both blockchain and existing energy companies are utilizing blockchain technology to create decentralized blockchain-based solar energy distribution systems.


An increasing number of both blockchain and existing energy companies are utilizing blockchain technology to create decentralized blockchain-based solar energy distribution systems.


Earlier this year, Sonnen GmbH, a major German company which develops home energy systems for private households and small businesses, announced its plans to develop a solar energy distribution system which will utilize blockchain technology to incentivize distributors and record the distribution process.


“We must be flexible with regards to our management of energy production, namely solar and wind, that is inconsistent and highly contingent on the weather. Utilizing blockchain technology offers us new ways to network even locally distributed systems both safely and intelligently across multiple regions with one provider. This helps us to limit the use of network-stabilizing measures, such as the costly regulation of wind farms,” Urban Keussen, CEO of TenneT TSO GmbH, explained.


Full story at http://bit.ly/2uzxFca


Source: NewsBTC


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