Blockchain is hot right now, not only as the underpinning of bitcoin, but because it has the promise to be a disruptive technology in multiple sectors. I started my exploration of how it will impact electricity’s transmission, distribution, and sale in “Bitcoin’s Hot But Blockchain For Cleantech Is Interesting,” and continue in this three-part series of articles on the nature of smart contracts based on blockchain technology. Part 1, this one, lays out the technical and business underpinnings of smart contracts. Part 2, “Blockchain Contracts for Electricity: Business Drivers,” lays out 9 factors which can be used to determine where smart contracts will shine and where they won’t. Part 3, “Blockchain Contracts for Electricity: Sweet Spots,” looks at the implications for different business models in general and for the electrical generation and distribution business overall.
Clean Technica 23rd Dec 2017 read more »