Electricity will soon be made by the people and enjoyed by the people. Blockchain technology will be the key to success.
Perhaps in the coming day, the layout of electricity will be completely different from today. Humans may no longer need large power plants to transport electricity to each household through long distances. Instead, they can use solar panels to produce electricity from local residents themselves. By then, humans will simultaneously act as producers, sellers and consumers of electricity.
According to future energyists, one can use blockchain technology to record power flow in the corresponding system. They believe that, just as books can enable people to track and verify currency transactions, blockchains, as a concept of bitcoin, can also help mediate energy unit transactions through a decentralized network.
What is the blockchain?
To put it simply, the blockchain is like a transparent shared ledger. The book is open to the whole network. You get its public key and you know how much money it has in the account. In addition, anyone who is interested in the world can watch you next to you when you make any value conversion. So it is an internet consensus mechanism. There is no way to tamper with this book because your actions are not recorded by you.
The blockchain is used for energy trading, and this vision was proposed by Mike Mihaylov, a researcher at the scanergy-project, an EU-funded organization. Using a decentralized approach to facilitate peer-to-peer transactions, residents can sell excess electricity generated by their own solar panels to households on the opposite street. The transaction is connected by a blockchain network, and records transactions can be managed with little or no staff involvement. Mihaylov hopes to see the emergence of “production consumers†in the power industry in the near future. That is, people trade electricity by using a currency called NRGcoin. And, Mihaylov has built a prototype based on this idea.
If a resident has some unwanted, redundant electrical energy, he can store it in a local smart grid. And every kWh will get a NRGcoin currency. Similarly, if someone needs more energy for some reason, and his solar panel can't meet his needs—perhaps on a cloudy day. Then he can buy the energy he needs in the smart grid at the same price. In addition, residents can also obtain more traditional power by selling their own NRGcoin currency.
How to break the game?
“There are three main benefits to using NRGcoin currency,†Mihaylov said.
“First of all, this will be a good way to motivate consumers to enter the market, because they are also producers of electricity, which will bring new vitality to the electricity market. Moreover, the price of electricity has been controlled by the system. Within a reasonable range, even if the government develops new energy, it will not make the transaction price of the market too confusing. Moreover, the electricity retailers do not need to conduct money transactions in the actual sense, but can use a specific It is very convenient to have money to trade."
As the underlying technology, blockchain has been widely used in finance, energy and other fields. With the gradual maturity of UHV and smart grid technologies and the rapid development of clean energy, the global energy Internet consisting of hundreds of millions of terminals will be built faster. The blockchain technology has the advantages of decentralized storage, highly transparent information, and difficulty in tampering. It can realize the digital and precise management of energy, and the development potential for reconstructing power trading is extremely huge.
Mihaylov said, "I have prepared the theory and the test has been completed. Now, it is time to turn it into reality."
However, while the industry is interested in using blockchains for energy trading (such as a well-known experiment in Brooklyn), the energy market is still highly regulated and the change is slow. Mihaylov may have to face multiple difficulties and obstacles to fulfill this wish.
The good news is that in the energy industry, it seems that all the changes are possible. Maybe in the future, we will really share and trade power with our neighbors.
Electronic motors specilized for roller blinds.
Large Torque Roller Blind Tubular Motor,Roller Blinds Motors,45Mm Standard Tubular Motor,Electronic Limit Roller Blind Tubular Motor
GUANGDONG A-OK TECHNOLOGY GRAND DEVELOPMENT CO.,LTD. , https://www.a-okmotor.com