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Grid+ Releases Whitepaper on Ethereum and Our Energy System

"The Future of Energy" Explains Blockchain's Role in Efficiency, Costs, and a Cleaner Future

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 [email protected] 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.

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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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View original content:http://www.prnewswire.com/news-releases/grid-releases-whitepaper-on-ethereum-and-our-energy-system-300489025.html

SOURCE Grid+

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