Blockchain To Restore Power in Puerto Rico after 8yrs of Power Outage
There are a growing number of entrepreneurs looking to put their newest product “in the blockchain”. One startup is doing something slightly noble with ledger technology, helping Puerto Rico recover after nearly eight months of power outages on the island.
Australian blockchain technology provider Power Ledger has its eyes set on the island, where power was wiped out by Irma and Maria last year.
The company has hired Dante Disparte, a grid resiliency and security expert from Puerto Rico, to lead its efforts in the U.S. territory, said Jemma Green, co-founder and chair of the firm.
Solar panels, Batteries, Emergency fossil fuel-fired generators. They’ve all been deployed across Puerto Rico to help get the lights back on in the months following devastating hurricanes Irma and Maria.
“Tens of thousands of Americans there are still in the dark. The threat to their health and wellbeing is real,” said Sen. Martin Heinrich, D-N.M. “If 20,000 Texans or Floridians were without power, I can’t imagine FEMA saying ‘Mission accomplished.’…It’s reprehensible.”
The company isn’t only looking to repair the grid but is also bringing its legacy blockchain service to the Island. Power Ledger is a leading firm in the blockchain electricity trading business with pilot test projects in different countries.
It plans to offer its blockchain platforms to local energy companies so that they can trade electricity. These companies will be able to sell power for fiat, crypto or even labor. The sheer amount of repair work needed to restore the Island has made human labor an essential resource in Puerto Rico.
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