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Decentralized Electricity Could be Blockchain's Trojan Horse

• https://cointelegraph.com, By Jon Buck

Having failed to conquer the walls of Troy through a 10-year siege, Odysseus decides to build a giant wooden horse as a tribute to the goddess Athena, fill it with soldiers in secret and pretend to leave. The Trojans think they have won the war and bring the horse inside, only to be defeated in the night by the hidden soldiers.

The story has come to represent anything that allows entry by strategy or cunning. Similarly, Blockchain has been waging war with mainstream adoption on the Internet of Things (IoT) for years. Use cases abound, but real adoption has remained low. Blockchain technology needs its own Trojan Horse, of sorts.

Disrupting electricity

Grid+, a spinoff from ConsenSys, aims to leverage the decentralizing power of Blockchain technology in order to allow consumers to access wholesale electricity markets. The goal for the company is to decrease costs, increase efficiency in markets and reduces pollutants caused during surge electrical use times.