Technology Is Helping Rural South Africa Turn Sunshine Into Income
The way energy is produced and distributed is changing rapidly as the industry moves away from carbon-based energy production. Technological development in the production of alternative energy has also sped up the emergence of decentralized systems. These build on large numbers of actors who generate small quantities of energy.
But for a decentralized system to be sustainable, a flexible grid is required to accommodate variable renewable energy sources. A flexible grid also enables operators of the electricity system to balance demand and supply.
Story from Phys.org. Story by by Thomas Wolfgang Thurner.
A decentralized energy system also requires an exchange mechanism
But there are technologies being developed that could do away with the need for a clearing house like this. One is a distributed ledger technology, of which blockchain is an example. The use of this technology
Listen to GHOGH with Jamarlin Martin | Episode 18: Boyce Watkins Jamarlin talks with Dr. Boyce Watkins about the lopsided relationship between the Democratic Party and Black America. They discuss potential 2020 presidential candidates, Sen. Cory Booker and Sen. Kamala Harris, and whether corporations and interests connected to foreign countries have more influence than Black voters on policy and priorities.
Blockchain has been identified as one of the pivotal technologies alongside Artificial intelligence, Internet of things and Big Data. Interest in applying the blockchain technology to energy markets is slowly picking up.
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