NEW YORK, July 17, 2017 /PRNewswire/ -- A newly released
whitepaper by blockchain-based energy grid system Grid+, a
ConsenSys project, explains with supporting data how the Ethereum
blockchain is making energy markets more efficient, decreasing
consumer cost, and paving the way to a cleaner future.
A few highlights of the in-depth and data-saturated whitepaper
include:
- A market-driven approach to further green-energy generation and
storage penetration
- How administrative costs can be curbed in energy (and other
industries) by "user agency", which occurs when users hold their
own value tokens
- How Ethereum brings several efficiencies to the energy
industry, an industry historically slow to adopt new
technologies
A link to the complete whitepaper, titled "The Future of
Energy," is available at https://gridplus.io/.
Please contact caroline@pacepublicrelations.com with any
questions about Grid+ and its newly released whitepaper.
About Grid+
Grid+ leverages the Ethereum blockchain to give consumers direct
access to wholesale energy markets. This allows customers to
respond intelligently, which increases efficiency, decreases cost,
and helps move us all to a cleaner future. The system functions as
a commercial utility in select deregulated markets in the United States. Grid+ "agent" devices pay
for all electricity bills automatically and in real-time. All
payments are done over state channels using BOLT tokens. Each BOLT
token is equal to $1.00USD and
is 100% backed by USD deposit.
Follow Grid+
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About ConsenSys
ConsenSys is a venture production studio and custom software
development consultancy building decentralized applications
(DApps), enterprise solutions and developer tools for blockchain
ecosystems, focused primarily on Ethereum. Powered by smart
contracts and secured through encryption, our applications provide
the benefits of transparency, auditability, and immutability that
are unique to blockchain-based solutions. For more information
please go to www.consensys.net.
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content:http://www.prnewswire.com/news-releases/grid-releases-whitepaper-on-ethereum-and-our-energy-system-300489025.html
SOURCE Grid+