Technology Quarterly | Nailing it
The promise of the blockchain technology
What blockchains may be able to do for your business, and what they can’t
WEPOWER IS a Lithuanian startup that aims to change the way renewable-electricity projects are paid for. The government-guaranteed prices that have propelled growth in wind and solar energy around the world are being cut back, says Nick Martyniuk, WePower’s founder. So his firm wants to help developers of renewables raise money by selling the rights to the electricity their plants will produce once built. Customers will buy a smart contract now, running on Ethereum’s blockchain, that will provide them with power later.
This article appeared in the Technology Quarterly section of the print edition under the headline “Nailing it”
From the September 1st 2018 edition
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