How Blockchain Is Threatening to Kill the Traditional Utility
By Chris Martin
April 9, 2018, 1:01 PM GMT+2
The future is selling solar power to a neighbor with a Tesla
Utilities see both opportunity and threat in new technology
The Way Humans Get Electricity Is About to Change Forever
If utilities think rooftop solar panels and batteries are bad for business, blockchain should scare the bejeezus out of them.
That’s because in addition to helping more people slap panels on their rooftops — which eats into power sales and taxes grids — the distributed, digital ledger that’s proliferated across industries can also be used to trade electricity without a utility even knowing it. Imagine your neighbor with a solar panel directly selling you cheap power to charge your Tesla.