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Author Topic: [ANN][GRID] ConsenSys Creates Grid+ to bring Ethereum to Electricity markets  (Read 3365 times)
mechanikalk
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July 12, 2017, 04:17:36 AM
 #1



Grid+ leverages the Ethereum blockchain to give consumers direct access
 to wholesale energy markets. This allows customers to respond intelligently, which
 increases efficiency, decreases cost, and helps move us all to a cleaner future.



Announcements:
07/21/2017 - Blog: Why Ethereum Needs Stable Coins
07/17/2017 - Blog: No Country for Private Blockchains
07/17/2017 - Whitepaper Updated, specifically Token Mechanics! Available at gridplus.io
07/11/2017 - Whitepaper Released!





Press Coverage & Conferences

TTRcoin:ICO: Grid+ намеревается перевернуть рынок электроэнергии
TheMerkle: Grid+ Set to Disrupt Electricity Markets
EthNews: ConsenSys Introduces Grid-Based Solution For Energy Inefficiency
Transactive Energy Systems 2017: What is Blockchain’s Role in Transactive Energy Systems?
Consensus 2017: Energy Markets Panel
Rice Blockchain Conference: Ethereum Smart Battery Swarm



Abstract

In the past ten years the cost of distributed energy resources (DERs) such as solar panels and wind turbines has decreased significantly. This has led to expeditious and widespread adoption. Additionally, battery prices are rapidly decreasing, making them economically viable to supplement variable generation renewable resources by storing energy for the electrical grid. The confluence of these developments has created an emergent electrical grid where the means of production are less centralized and the control systems are less likely to be strictly top-down. The concept of independently owned and controlled DERs is known as the transactive energy grid.

The transactive grid promises to increase durability of the electrical grid while simultaneously increasing efficiency and enabling the adoption of more renewable energy. However, the distributed nature of the transactive grid poses two major challenges primarily related to technical control and grid administration. Both challenges can potentially be addressed using a blockchain. The ConsenSys energy team has several years of experience building and demonstrating proof-of-concept blockchain-based distributed energy resource management solutions. Through this experience, ConsenSys identified the opportunity to form Grid+, which will build natively Ethereum-based utilities in deregulated markets. Grid+ will demonstrate production ready blockchain-based energy solutions at scale in competitive commercial environments. In doing so, Grid+ will enable the transactive grid of the future while proving the advantages of Ethereum over incumbent technologies.

Grid+ is developing a hardware and software stack to create a secure Ethereum enabled gateway and connect Internet-of-Things (IoT) devices. The hardware gateway, or “smart energy agent”, is an Internet-enabled, always-on appliance which will securely store cryptocurrencies and process payments for electricity in real-time. The agent will also programmatically buy and sell electricity on behalf of the user and intelligently manage smart loads (e.g. Tesla Powerwall or Nest thermostat). The software stack will work in conjunction with the smart energy agent to make payments using a combination of Grid+ designed payment-channels and a Raiden network hub (when available). Grid+ is developing a system architecture that allows a typical user to leverage cryptocurrencies while remaining unaware of it’s use. Interestingly, the implementation of a secure, always-on system with low friction payment rails provides a missing piece of critical infrastructure in the broader cryptocurrency ecosystem. The Grid+ infrastructure has many uses beyond electricity and will be key to enabling the widespread adoption of cryptocurrencies.


How does Grid+ Work?

Grid+ functions as a commercial utility in select deregulated markets in the United States. Grid+ agent devices pay for all electricity bills automatically and in real-time. All payments are done over state channels using BOLT tokens. Each BOLT token is equal to $1.00USD and is are 100% backed by USD deposit. All fees from these payments are held by a fee vault smart-contract called Karabraxos.





Fast Token Facts

Token Model: The Grid+ system will have a two token model.  One token known as GRID and the other known as BOLT.  GRID will be staked by Grid+ customers to allow customers access to near wholesale electricity prices.  The other token known as the BOLT will be a stable token backed by USD deposits and issued by Grid+. BOLT can be used by Grid+ customers whom do not wish to have forex risk associated with cryptocurrencies such as Ethereum.

Token Sale: We will be holding a token sale of the GRID token sometime in Q3 of 2017.

Token Sale Cap: The sale of GRID tokens is planned to take place in a Reverse Dutch Auction with a cap which is yet to be determined.






Links

Website
Whitepaper
Twitter
Medium
Slack


Cofounder of Grid+ : building blockchain native utilities in deregulated energy markets to provide consumers access to wholesale energy! gridplus.io
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kaneki007
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July 12, 2017, 04:24:34 AM
 #2

reserve indonesian translation

Bitcointalk ANN  ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯│ Global Mining Token │⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯  Pre-Sale on 15th October
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mechanikalk
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July 12, 2017, 04:28:06 AM
 #3

We are interested in all translations, but at the moment we are prioritizing both Korean, and Japanese.  We have already gotten someone working on the Chinese version.  If anyone is interested please PM me.

Cofounder of Grid+ : building blockchain native utilities in deregulated energy markets to provide consumers access to wholesale energy! gridplus.io
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July 12, 2017, 06:32:03 AM
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GolumDeMort and Kaneki007 do you know anyone good for the Japanese and Korean translations?

Cofounder of Grid+ : building blockchain native utilities in deregulated energy markets to provide consumers access to wholesale energy! gridplus.io
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July 12, 2017, 06:41:31 AM
 #5

GolumDeMort and Kaneki007 do you know anyone good for the Japanese and Korean translations?
this for Japanese https://bitcointalk.org/index.php?action=profile;u=703050
but for Korean i dont know

Bitcointalk ANN  ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯│ Global Mining Token │⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯  Pre-Sale on 15th October
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Your Tokenized                                              Blog                  
Facebook  ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯   Hash Power Marketplace   ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯  Whitepaper            
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July 12, 2017, 03:08:04 PM
 #6

Kaneki007 thanks, looks like a solid reference. I will definitely contact you when we start other languages.

Cofounder of Grid+ : building blockchain native utilities in deregulated energy markets to provide consumers access to wholesale energy! gridplus.io
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July 12, 2017, 03:14:17 PM
 #7

Your project is very interesting especially the concepts and ideas you offer, we can make sure you will get a good place in the eyes of the investors.



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July 12, 2017, 03:15:48 PM
 #8

It looks like we have to wait for more information about this token project, in fact its roadmap is good, just we'll see if this token will be good, like the plan of this project. I will ask permission to bookmark first

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July 16, 2017, 01:40:29 AM
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Your project is very interesting especially the concepts and ideas you offer, we can make sure you will get a good place in the eyes of the investors.

Great to hear your interest.  If you have any specific questions or the white paper please let me know!

Cofounder of Grid+ : building blockchain native utilities in deregulated energy markets to provide consumers access to wholesale energy! gridplus.io
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July 16, 2017, 03:35:00 AM
 #10

We are interested in all translations, but at the moment we are prioritizing both Korean, and Japanese.  We have already gotten someone working on the Chinese version.  If anyone is interested please PM me.

translation only korean and japanese dev
plan open ico selling and open bounty


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July 16, 2017, 03:42:13 AM
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Any bounty sir?
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July 16, 2017, 03:57:45 AM
 #12

We are interested in all translations, but at the moment we are prioritizing both Korean, and Japanese.  We have already gotten someone working on the Chinese version.  If anyone is interested please PM me.

translation only korean and japanese dev
plan open ico selling and open bounty

cakravothy, does this mean you can do Korean or Japanese translation.  The white paper is ~14000 words.  What do you estimate a fair cost is for translation to Japanese?  Willing to pay either ETH or BTC.

Cofounder of Grid+ : building blockchain native utilities in deregulated energy markets to provide consumers access to wholesale energy! gridplus.io
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July 17, 2017, 04:31:42 PM
 #13

Check out the latest blog post from the Grid+ team: No Country for Private Blockchains https://blog.gridplus.io/no-country-for-private-blockchains-c48cec703382

Cofounder of Grid+ : building blockchain native utilities in deregulated energy markets to provide consumers access to wholesale energy! gridplus.io
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July 17, 2017, 04:39:40 PM
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in the world of cryptocoin things like this are indispensable. That is a fairly detailed explanation like this.
 The new concept that you offer will bring this project to success.
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July 17, 2017, 04:48:01 PM
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Will be bounty?
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July 17, 2017, 04:54:34 PM
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Interesting project you have here hitting bookmark to follow this project. Good luck and I hope I can participate on your bounty soon.


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●  Whitepaper
●  ANN Thread
●  Reddit
●  Telegram
●  Twitter
●  Facebook

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July 17, 2017, 04:58:48 PM
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If still need Spanish translation, PM me
mechanikalk
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July 17, 2017, 10:29:27 PM
 #18

in the world of cryptocoin things like this are indispensable. That is a fairly detailed explanation like this.
 The new concept that you offer will bring this project to success.

Iodasama, I am glad that you liked our new blog post and white paper.  Please let me know if there are any questions or points that I can clarify!

Cofounder of Grid+ : building blockchain native utilities in deregulated energy markets to provide consumers access to wholesale energy! gridplus.io
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July 25, 2017, 04:30:55 AM
 #19

Checkout our latest blog Why Ethereum Needs Stable Coins

Cofounder of Grid+ : building blockchain native utilities in deregulated energy markets to provide consumers access to wholesale energy! gridplus.io
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August 07, 2017, 03:04:15 AM
 #20

Article in TechCrunch highlights Grid+ as one of three projects that are adding real value to the world from the cryptocurrency ecosystem.

Cofounder of Grid+ : building blockchain native utilities in deregulated energy markets to provide consumers access to wholesale energy! gridplus.io
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