Solar Power Commons Using the Blockchain
- Book chapter / article: Solar Power Commons Using the Blockchain.
"One rudimentary example of how the blockchain might be used to facilitate a commons: former FCC Chairman Reed Hundt in the US has proposed using blockchain technology to create Distributed Networks of Solar Power on Residential Houses Coordinated as Commons. The ledger would keep track of how much energy a given homeowner generates and shares with others, and consumes. In effect the system would enable the efficient organization of decentralized solar grids and a “green currency” that could serve as a medium of exchange within Solar Microgrids or networks, helping to propel adoption of solar panels. The blockchain amounts to a network-based architecture for enabling commons-based governance."