/* ---- Google Analytics Code Below */

Saturday, August 08, 2020

Green Energy Pilot using Smart Contracts

Good piece on current use of smart contracts.

California Agency Backs Green-Energy Pilot Using RSK’s Bitcoin Smart Contracts  By Nathan DiCamillo in CoinDesk

The California Energy Commission, the state’s primary energy policy and planning agency, is funding an experimental market for carbon-credit trading on a public blockchain. 

Under a plan announced Friday, demo digital tokens will be given to participating businesses that cut their carbon footprint by powering electric van sharing, said Eduardo Javier Muñoz, CEO of EVShare, a startup that’s now involved in the pilot through electric vehicle company Green Commuter. (EVShare is not a contractor with the Commission and the pilot is led by smart energy nonprofit Energy Coalition). If the pilot goes into production, the credits can be used to pay for electricity consumption, rides and services in the future.

Mobility-related transactions will be recorded on the RSK blockchain, a smart contract-oriented platform that is similar to Ethereum but runs on top of the Bitcoin network.  Transactions sent to a microgrid–a separate system from the city’s power grid–are being recorded by Community Electricity on the Energy Web Foundation’s blockchain.

The market is part of a $20 million initiative that will track data related to solar panels, energy storage, electric vehicles and charging infrastructure in Bassett, an unincorporated community in Los Angeles County. The commission’s previously disclosed $9 million grant will cover nearly half the cost; Google, the University of California at Los Angeles and others are covering the remaining $11 million, according to EVShare.  ... " 

No comments: