India Trials a Power Grid on the Blockchain to Incentivize Sustainable Energy

India Trials a Power Grid on the Blockchain to Incentivize Sustainable Energy

Access to reliable energy is the foundation of economic development and human society. Yet reliable energy can come at a steep environmental cost. Today’s energy systems are being rapidly reexamined and transformed by both private businesses and public organizations. Innovation coupled with changing policy and consumer demands has prompted The World Economic Forum’s System Initiative On Shaping the Future of Energy . The WEF noted that four out of five of the Initiative’s goals can be addressed in some way through the application of blockchain technology: Enable innovation to accelerate opportunities towards smarter and more efficient energy use; Enable […]