German Energy Blockchain

[TheTalkingMule]

Step 1 is making solar and wind production cheap. (check0
Step 2 is creating a blockchain style marketplace for energy. (starting)
Step 3 is making energy storage cheap. (2-5 years out)

The Germans continue their efforts to single-handedly save the world.

Germany Will Use Blockchain to Avoid “Traffic Jams” On Power Grids

Sonnen GmbH, simply known as Sonnen, the German company which develops home energy systems for private households and small businesses, is planning to utilize Blockchain technology to distribute renewable energy such as solar power in Germany.

On May 2, Sonnen revealed its partnership with TenneT, the first power grid operator to use decentralized residential storage batteries in Germany.

They aim to utilize the cloud-based Blockchain platform of IBM built on top of the Hyperledger Fabric Blockchain protocol to better store and distribute renewable energy throughout Germany with a higher level of transparency, in real time.

In essence, Sonnen is implementing a decentralized and immutable technology in Blockchain to avoid “traffic jams” on power grids.

 

[ggr]

I think that's a perfect demonstration that any project at all can use blockchain as a buzzword.

 

[mspohr]

I think that's a perfect demonstration that any project at all can use blockchain as a buzzword.

Just because you don't understand it, doesn't mean that it's just a buzzword.
Some people do understand it and are using it productively.

 

[TheTalkingMule]

They have one(about to be) running in Brooklyn.

Wouldn't it make more sense for this to be our currency rather than cash or bitcoin? I mean, why waste all that computing power?

 

[mspohr]

They have one(about to be) running in Brooklyn.

Wouldn't it make more sense for this to be our currency rather than cash or bitcoin? I mean, why waste all that computing power?

Here's a more complete article...
https://www.nytimes.com/2017/03/13/...ar-grid-energy-trading.html?ref=business&_r=0
(... with references to Australia and Bangladesh in addition)
More on the blockchain...
https://www.nytimes.com/2017/03/04/business/dealbook/blockchain-ibm-bitcoin.html