A Blockchain Power Grid Grows In Brooklyn | CNBC

This street in Brooklyn is using blockchain, the technology behind cryptocurrency, to decentralize and share electricity. » Subscribe to CNBC: About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: Find CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Google+: Follow CNBC News on Instagram: A Blockchain Power Grid Grows In Brooklyn |…

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The Blockchain: Enabling a Distributed and Connected Energy Future

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. 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. **Bonus Demo:** Be sure to watch at the end of this talk, as a Bitcoin transfer from Cambridge in real time buys electricity for a small school in South Africa.

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