New York's 'Energy Czar' Talks Future of Blockchain for Energy Grids

New York's 'Energy Czar' Talks Future of Blockchain for Energy Grids

The state of New York is working to rebuild its power grid as a distributed platform, creating incentives for the powerful utilities companies to work with upstart innovators instead of competing against them. An unanticipated side-effect of the effort is that the environment has proved a fertile stomping ground for LO3, a startup using the Ethereum blockchain to give people the ability to sell solar energy directly to one another. While the state’s so-called "energy czar" Richard Kauffman said the government projects don’t intentionally foster an environment beneficial....


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