Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Northwestern University

Cryptocurrency

Power Ledger testing Blockchain for Electricity in Illinois

The Australian-based Power Ledger’s ambitious plans go far beyond a P2P marketplace for electricity.

Long-term goals include a platform for “neo-retailers” businesses that will market electricity to the public. They would be similar to the retailers that sell prepaid “airtime” for phones and other wireless devices.

Another key component of Power Ledger’s plans will be “Microgrids” that make it easy to monitor electricity usage and collect data about it. The effort in Evanston is a test of that concept.

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