Solar Energy Producers To Get Blockchain-Based Currency Wallets in Space
SolarCoin Foundation (SCF) seeks to make its global Cryptocurrency program that rewards owners of solar power systems the first Blockchain currency wallet in space. It will purchase orbital storage capacity on SpaceBelt storage to provide its customers with an inviolable record of their transactions. Blockchain is already being used to track solar power production across the globe. The satellite network, designed to provide secure storage and transport of sensitive data, is a way to securely store SolarCoin, says Nick Gogerty, SCF founder. Cold storage 40 years plan. In a statement to....
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SolarCoin, an altcoin, rewards people for using solar energy. Created in January of 2014, the goal is to provide an incentive to increase solar electricity use globally over the next 40 years by rewarding the generators of solar electricity, according to the SolarCoin Foundation’s website. SolarCoin works like air-miles for Solar electricity generation. It is claimed by people living in homes with solar energy panels or commercial solar electricity producers. One megawatt hour of energy can be redeemed for one SolarCoin. The foundation maintains a public ledger of SolarCoins provided to....
Due to its unprecedented growth, the economic importance of the solar energy industry is surpassing that of the fuel energy industry. The solar industry’s exponential growth has boosted solar jobs by 25 percent since 2015, the Solar Foundation reported. Concurrently, Bitcoin and the Internet of Things are becoming an even more integral element of the....
An Australian company aims to change the way energy trading is done in the country by undertaking trials that will determine how individuals buy, sell or exchange excess solar electricity through its blockchain-based software instead of on the grid. Later this month, Power Ledger will start the trials which will take place over eight weeks and involve ten households, according to a company press release. The aim of the pilot project is to ensure that producers and consumers have the ability to trade their energy directly, whereby they can save money and maximize the use of the solar....
Microgrid wants to let neighbors sell excess solar energy over a distributed ledger-based system, and two Brooklyn neighbors completed their very first transaction on the TransActive Grid On April 11, 2016. When dealing with solar energy, there is usually an excess of power than can be sold back to the electricity provider. But some people would much....
Bitcoin, blockchain technology and the Internet of Things are dramatically disrupting every industry sector. They’re especially disrupting the energy and utility sector, including the solar energy trading market. Coincidentally, solar energy prices continue to decline, bringing spectacular new business opportunities while protecting the environment.....