How Blockchain and Other Online Innovations Help Alternative Energy

The Blockchain promises to deliver a decentralized energy system that can seamlessly incorporate the large companies providing energy to millions, the small businesses hoping to get into the market, and the individual user with excess energy to sell off.

How Blockchain and Other Online Innovations Help Alternative Energy

Adrian Johansen

In the age of technological advances, it can seem like some new technology is vying to make a major difference in the world every single day. Sometimes it can seem overwhelming and difficult to know which technologies to take seriously and which ones will go the way of fireworks – beautiful for a minute but quickly fading into nothing. Especially within the alternative energy world, it can be challenging to determine what is likely to be the next big thing.

One of the most encouraging technologies is blockchain. The new tech promises to deliver a decentralized energy system that can seamlessly incorporate the large companies providing energy to millions, the small businesses hoping to get into the market, and the individual user with excess energy to sell off. Almost too good to be true, right?

Fortunately, that’s not the case – blockchain is real and likely coming to a market near you in the coming decades. As kinks are worked out and it slowly becomes more incorporated into our daily lives, blockchain has the potential to promote the use of alternative energy and may just provide a clear path forward. 

What is Blockchain?

Blockchain isn’t exactly the easiest concept to grasp unless you are deeply entrenched in all things technology. Blockchain is essentially an online register that can only write new information. Old transaction information is stored in ‘blocks’ that cannot be edited….

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