Blockchain technology can help modernize the US electrical grid by marshaling human labor and stranded resources to create decentralized energy infrastructure, according to Cosmo Jiang, a general partner at venture capital firm Pantera.
“All of civilization from the beginning of time has been built on the coordination of incentives, and blockchain is just a new way to incentivize people in a decentralized way that wasn't possible before,” Jiang told Cointelegraph in an interview
The VC explained that companies in the gig economy have devised ways of allowing people to monetize their free time and resources outside of their normal working hours through freelance commitments. Blockchain can tap into this by coordinating unused infrastructure, labor, and resources to build out a decentralized energy grid, Jiang said:
“There are a few protocols that specialize in using token incentives to encourage everyday people to install solar panels on their roofs or install batteries in their homes. And that way, you create this energy grid that isn't centralized and deployed through heavy capital expenditure.”
Jiang concluded that this type of energy decentralization strengthens the grid while also cutting through the regulatory red tape that the Trump administration said is one of its three pillars of “America’s AI Action Plan,” a strategy to make the US the global leader in artificial intelligence.
Related:Trump White House releases long-promised crypto report
The Trump White House says strengthening US energy grid is a major priority for AI development
“The US electric grid is one of the largest and most complex machines on Earth. It, too, will need to be upgraded to support data centers and other energy-intensive industries of the future,” a recent White House report read.
US President Donald Trump has repeatedly emphasized that the country must maximize its energy resources to meet the demand for AI data centers, crypto mining, and other high-performance computing applications.
Reccomended policy actions to overhaul US energy infrastructure for AI needs. Source:The White HouseThis includes exploring nuclear energy generation and shielding existing grid components from electromagnetic disruption, the president said.
Building redundant energy systems to ensure maximum grid uptime and resiliency, while ensuring that critical backups are always available, is also a policy objective of the US president’s energy infrastructure upgrade plan.
Magazine:AI may already use more power than Bitcoin — and it threatens Bitcoin mining
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Blockchain technology can help decentralize the US energy grid — VC
Blockchain technology can help modernize the US electrical grid by marshaling human labor and stranded resources to create decentralized energy infrastructure, according to Cosmo Jiang, a general partner at venture capital firm Pantera.
“All of civilization from the beginning of time has been built on the coordination of incentives, and blockchain is just a new way to incentivize people in a decentralized way that wasn't possible before,” Jiang told Cointelegraph in an interview
The VC explained that companies in the gig economy have devised ways of allowing people to monetize their free time and resources outside of their normal working hours through freelance commitments. Blockchain can tap into this by coordinating unused infrastructure, labor, and resources to build out a decentralized energy grid, Jiang said:
Jiang concluded that this type of energy decentralization strengthens the grid while also cutting through the regulatory red tape that the Trump administration said is one of its three pillars of “America’s AI Action Plan,” a strategy to make the US the global leader in artificial intelligence.
Related: Trump White House releases long-promised crypto report
The Trump White House says strengthening US energy grid is a major priority for AI development
“The US electric grid is one of the largest and most complex machines on Earth. It, too, will need to be upgraded to support data centers and other energy-intensive industries of the future,” a recent White House report read.
US President Donald Trump has repeatedly emphasized that the country must maximize its energy resources to meet the demand for AI data centers, crypto mining, and other high-performance computing applications.
Building redundant energy systems to ensure maximum grid uptime and resiliency, while ensuring that critical backups are always available, is also a policy objective of the US president’s energy infrastructure upgrade plan.
Magazine: AI may already use more power than Bitcoin — and it threatens Bitcoin mining