Ever wondered how much sunshine would be needed in order to power your house? What if a local microgrid would supply clean solar energy to your block of houses, or even your whole community, and you could share the bill with your neighbors. Let’s take it a step further: how much solar energy would we need to power the world on solar — and how much time would it take to get that much solar power installed? Does it matter that the sun produces power on the other side of the globe while I’m sleeping? And how could I get batteries to work with the existing grid? Imagine the disruption of the market for the local utility if I kept energy within my batteries at home, essentially going off-grid.
Well, as it appears, there is a new technology around the block — one that will enable a new Industrial Revolution. Buckle up, we’re going for a ride into (not-so) Star Trek technology…blockchain is a peer-to-peer network database. Think Napster, or file-sharing within a common group, but in the case of a Blockchain, it comes with real-time and distributed updating. And it’s non-spoofable!