U.S. government labs want to use blockchain for P2P energy

nRunaway Comment: BlockCypher, a start-up blockchain business, has partnered with the US Department of Energy’s Laboratory to develop solutions for cross-blockchain settlement of energy transactions. Use DartNet to test point-to-point transactions for distributed energy. In order to solve the safety and stability issues.n
nTranslation: Annie_Xun
BlockCypher, a blockchain start-up, has partnered with the Department of Energy’s (DER) Laboratory to develop cross-block settlement solutions for energy transactions.n
Dylan Cutler said the agency NREL (National Renewable Energy Laboratory) and Block Cypher for the first time planned to use P2P networks to test peer-to-peer deals in distributed energy at two laboratory energy facilities.n
n”Blockchain technology represents a transformative, highly scalable platform that supports the distributed energy market and allows DER to better interact with the entire grid, including more efficient demand response, power reserve, and power quality support.”n
nKaren Hsu, BlockCypher’s director of development, said people can trade point-to-point renewable energy projects with technology, “both in natural disasters and during grid expansions, as we saw in the United States last year.”n
This solution scheme does not differentiate between blockchain types, and can also simplify energy consumption by matching demand and power generation, reducing the power deficit in the high-consumption phase.n
Ryan Taylor, chief executive of Dash Core, said that smart meters that can trade cryptocurrencies can also make the grid “more efficient and scalable, and monetize the power reserves and production of grid terminals.”n
Australia, Japan, Europe, less energy supply have begun to develop blockchain based energy projects.n
In October last year, the US Department of Energy’s Research Laboratory announced the exploration of the role of blockchain in managing the next generation of power grids. In January last year, it began to publicly solicit suggestions for the blockchain and look for “a new concept of blockchain-dependent energy system “.n

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