NRGcoin—A Blockchain-based Reward Mechanism for Both Production and Consumption of Renewable Energy
Mihail Mihaylov1,3, Iván Razo-Zapata2 and Ann Nowé1, 1Department of Computer Science, Vrije Universiteit Brussel, Brussels, Belgium, 2Luxembourg Institute of Science & Technology, Esch-sur-Alzette, Luxembourg, 3Enervalis, Houthalen-Helchteren, Belgium
Abstract
To mitigate our dependence on fossil fuels, new schemes to reward the production and consumption of renewable (green) energy are required. Green energy needs to effectively offset the consumption of grey energy, i.e., energy from mixed sources. The NRGcoin concept supports the integration of renewable energy by incentivizing its local production and consumption within the ...
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