Blockchain Technology in Energy Markets: Spotlight on Power Ledger.
About two years ago, a company based in Hicksville, New York best known for selling iced tea changed its name to the Long Blockchain Corp. The stock value of this company rocketed up 275 percent even though it planned to maintain iced tea as its principle offering.
This was blockchain mania at its height. Like the California gold rush in the 19th century or the dot-com bubble at the turn of the millennium, it tells us much about the psychology of humans when dealing with the heady mix of new and exciting things, combined with the chance of making easy money.
In the latest Global Blockchain Business Council Open-Source Ideas report, we explain the Power Ledger system, and why a normal database will not suffice for the new energy grid.