Using Blockchain Technology and Digital Currencies to Create New Types of Social and Environmental Value
Blockchain has generated a lot of publicity, and justifiably so. Among its numerous applications are some that enable businesses to create entirely new forms of value by creating new value exchange networks that were either impossible or too costly previously. One great example is SolarCoin – a digital currency used as a global rewards program for solar electricity generation. This new digital currency can be claimed by (and is awarded to, after verification) individuals with solar-powered homes or commercial solar electricity producers, thus serving as an additional incentive for solar electricity generation. In this talk, SolarCoin’s co-founder will explain the mechanisms that make a new value-creation-and-exchange network like this tick.