TransActive Grid

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= open energy platform based on the blockchain

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Description

"Ashley Taylor:

"Most people will interact with a blockchain marketplace through an interface that looks similar to most web applications today. The Brooklyn Microgrid community is using an open energy platform, called TransActiveGrid, developed by ConsenSys and LO3 energy.

TransactiveGrid uses the Ethereum blockchain to record the production of each community members’ solar array. TransActive Grid is comprised of smart contracts (agreements between peers) that exist on the blockchain. The blockchain is a trusted ledger that all members of the community can access at any time. These particular smart contracts transform the excess produced energy into renewable credits that other community members can purchase. These smart contracts can be verified by anyone with Internet access, ensuring the distribution of trust." (https://medium.com/@AshTayTweets/blockchain-community-solar-the-value-of-a-renewable-energy-reputation-b3fbcfcba4a3#.vgc2mnxtg)