Beyond Bitcoin: How Blockchain Could Transform the Energy Sector

Energy Gang

Wood Mackenzie

Tech News, Environment, Sustainability, Innovation, Renewable Energy, Technology, Alternative Energy, Energy, News, Cleantech, Wind Energy, Business, Climate Change, Solar Energy

4.6 • 1.3K Ratings

🗓️ 14 April 2016

⏱️ 51 minutes

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Summary

The cryptocurrency Bitcoin is changing the way people think about operating financial markets and banking systems. Meanwhile, distributed energy is changing the way people think about running grids. Can the two influence one another? Many experts believe that the blockchain -- the public database that tracks Bitcoin -- will be the catalyst for the distributed, transactive grid. This week, we'll talk with Paul Brody of Ernst & Young about how the blockchain can be applied to energy and the internet of things. We'll describe how blockchains work, why they're useful, and when they'll start influencing the energy business. In the second half of the show, we'll discuss concerns about rolling blackouts and too much renewable energy in California. We'll end the show by talking about a controversial proposal to give away millions of free solar kits in Kenya. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	For the week of April 14th, 2016, this is the energy sector learn from Bitcoin? We'll talk with a tech expert about how to apply blockchain to transactions
0:25.0	between devices and the grid. Then so much to say about California, an overloaded grid,
0:30.9	threats of a blackout, and a new proposal to shake up utility regulation.
0:35.3	Finally, we'll talk about a controversial solar giveaway proposed for Kenya that has a lot of
0:40.0	entrepreneurs worried. My esteemed co-hosts are here with me as always.
0:45.9	Catherine Hamilton comes to us from Washington DC. Hey Catherine.
0:49.7	Hi, how are you? I'm doing great. I had the best trip this week to Chicago to the
0:54.2	Clean Energy Trust Challenge. It was just amazing the kinds of companies that
0:58.5	they're funding and it was one of the most fun trips I've had. What was unique
1:02.3	about it?
1:02.8	What's so amazing about the company?
1:04.4	They're just, the imaginations that they have
1:06.7	and the technologies that are ready to deploy
1:09.2	like different micro grids, EV technologies,
1:12.4	food freshness technologies.
1:14.4	It's just pretty incredible.
1:17.4	It sort of puts me to shame and yet also gives me a lot of hope. Jigger Shaw comes to us from New York City.
1:25.0	Hey Jigger, how are you?
1:26.0	Hey, how's it going?
1:28.0	So I'm looking forward to seeing you in New York City coming up here in the beginning of May and that brings me to a couple
1:34.6	reminders. We have that live show on May 4th in New York City. It's going to be a really
1:40.8	lively one. The three of us are going to be joined by two extraordinary
	...

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