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 Hence, TerraGreen has developed a platform for the renewable energy sectors with the help of revolutionary blockchain technology.

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In fact, that is exactly the model that LO3 Energy has experimented with in its Brooklyn Microgrid project. Customers signed up to it can choose to power their homes via a range of local renewable energy sources. People with their own solar panels can sell surplus electricity to their neighbours, for example. It’s a peer-to-peer network for electricity. To ensure that accurate records of these transactions are kept, LO3 has opted to use blockchain distributed ledger technology. This means the microgrid’s accounting is decentralised and shared by everyone on the network. “It’s virtually unhackable,” says founder and chief executive Lawrence Orsini, explaining that tampering with these records is almost impossible because of the fact that everyone has their own, regularly updated copy of the ledger. #blockchaintechnology #blockchain #blockchainrevolution #blockchainnews #blockchainrenaissance #renewableenergy #renewables #renewableresource https://www.instagram.com/p/BnyOIlfhcJK/?utm_source=ig_tumblr_share&igshid=jvl7puxxf3dx

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