The High-Level Details
With the energy industry trending toward a distributed and connected future, entrepreneurs and industry leaders have an opportunity to look ahead for solutions they can start building today. Bitcoin’s underlying protocol, called “the blockchain”, is a distributed consensus-driven infrastructure enabling trust between connected assets. While currently considered only a financial tool, the blockchain’s actual capability is extremely broad.
And just as advances in TCP/IP created vast opportunities for the internet, the blockchain is enabling us to rethink the basic infrastructure of how energy is distributed, accounted for and secured. For example, microgrids could become more resilient with peer-to-peer communications. P2P enables intelligent electronic devices to share information directly without the need for a centralized system.
Also data about the asset activity, and hence the value, can be exchanged instantaneously 24/7, giving rise to new business models and applications for many distributed energy sources as well as increasing the security and reliability of the grid.
We will also have a live demonstration by Grid Singularity on how blockchain can be used in the energy sector.
Sounds exciting? Join us to learn:
- What is the blockchain, really...isn’t it just a financial tool?
- Why blockchain is and isn’t like the internet.
- How can entrepreneurs and industry leaders leverage blockchain technology?
- What is the business impact, opportunities and potential disintermediation?
- What are the regulatory hurdles and how might blockchain help us address issues of national security?
The distinguished panel will be moderated by:
Paul Brody, Ernst & Young, America’s Strategy Leader, Technology Sector; Leader, global strategy on Blockchain
This packed house event with Scott Clavenna, CEO, Greentech Media, Inc, Joi Ito, Director, MIT Media Lab, Paul Brody, Ernst & Young, America’s Strategy Leader, Technology Sector; Leader, global strategy on Blockchain, Ed Hesse, CEO, Grid Singularity and Lawrence Orsini, CEO, LO3 Energy discussed how we might use the blockchain to rethink the basic infrastructure of how energy is distributed, accounted for and secured.
As a bonus, we had an amazing demo at the end of the event (and the video below) — a Bitcoin transfer was made that bought electricity for a small school in South Africa, in real time. It was awesome.