BitRss.com Lates Crypto World News


Search and discover the lates Cryptocurrency updated Stories in Categories.

Follow the Bitcoin top Feeds articles on the Web, or submit free your BTC Stories.

Grid+ Set to Disrupt Electricity Markets

Grid+ Set to Disrupt Electricity Markets
In a recent series of Medium articles , ConsenSys announced a new spin-out called Grid+ , which uses the public Ethereum network to fundamentally disrupt the electricity industry.
Grid+ recently published their whitepaper, which discusses their plans to create several Ethereum-based “retail electricity providers” (a.k.a. utilities) around the world.
The whitepaper outlines the use of a “smart-energy agent” hardware device that allows customers to pay for their electricity in real-time using state-channels. These payments are made with “BOLT” tokens, a stable-coin issued by Grid+ and backed by USD deposits. The purchase and settlement of electricity in near real-time eliminates the risks of bad-debts which will allow Grid+ to offer rates ~38% lower than competitors.
The whitepaper goes on to discuss operating a large Raiden hub using these stable tokens as liquidity, which could be used for commerce outside of the Grid+ platform.
No surprise for ConsenSys

The creation of a dedicated ConsenSys company in the Energy space should come as no surprise given its long history of blockchain-based electricity projects, such as the Transactive microgrid in Brooklyn and Co-tricity . ConsenSys Enterprise Managing Partner Mark D’Agostino said:

“The formation of Grid+ is a natural extension of the energy projects we have been working on with Fortune 50 companies for the last two years. Grid+ will enable us to move faster and transition the Ethereum-based electricity trading and control platforms we have demonstrated to a much larger scale.”

Grid+ plans to have its token sale sometime this fall and will begin signing up customers for its first utility (which will be located in the United States) in Q1 2018.
Disclaimer: This is a sponsored post and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always do your own independent research.


Thank you for Share!

   
Read the full Article

Read the full Article: Grid+ Set to Disrupt Electricity Markets


Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The lates and Top News, from leading exponents of BlockChain, Bitcoin and Accredited Crypto Currency Stories.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Cypto Currencies World.

| Learn More |

Today Top 5 News