Developing Renewable Energy Credits as Cryptocurrency on Ethereum's Blockchain

15 Pages Posted: 15 Dec 2016

Date Written: December 14, 2016

Abstract

The blockchain technology has the potential to revolutionize the legal and financial industries. With the development of Ethereum, blockchain technology can be inexpensively implemented as an efficient way to create, transfer, and authenticate Renewable Energy Credits in order to avoid waste, fraud, and abuse. Once Ethereum is fully tested, it — or similar technology — should replace other methods of REC issuance, including the need for a third-party certifier.

Keywords: Bitcoin, Ethereum, Blockchain, REC, PUC, Renewable Energy, Clean Energy, Green Energy, Cryptocurrency

Suggested Citation

Leonhard, Robert, Developing Renewable Energy Credits as Cryptocurrency on Ethereum's Blockchain (December 14, 2016). Available at SSRN: https://ssrn.com/abstract=2885335 or http://dx.doi.org/10.2139/ssrn.2885335

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