Stories We Like 19 items
Local Entrepreneurs Are Using Blockchain And Cryptocurrencies To Rebuild Puerto Rico (forbes.com)
Almost 40% of Puerto Rico has still not been reconnected to the power grid. 30% of the cell towers are still down. People are still in shelters because their homes have not been rebuilt, and many  other challenges remain.Sounds like a problem for blockchain and cryptocurrency?


"We’re leapfrogging the developed world," Enrique Martinez, CEO of WebCapitalists, said today at TechBeach Retreat in Jamaica. "We're bringing solar panels to Puerto Rico ... and can now create a market for electricity using cryptocurrencies and blockchain.


"
Martinez was born in Puerto Rico and returned recently to see how the island is recovering from the devasting Hurricane Maria. Now he's working with local people to create a community of houses that are connected to a hospital. Each house -- and the hospital -- has solar panels.


Any house that has extra electricity can sell it to the hospital ... or to neighboring houses.The physical infrastructure is important, but just as important is the digital infrastructure. Blockchain enables simple and transparent insight into where power is being produced and by who.


Cryptocurrency, or tokens, provide the ability to reward those who are producing more, and enable those who are consuming more to access it....continue reading page 2 of this article on Forbes here: https://www.forbes.com/sites/johnkoetsier/2017/12/01/local-entrepreneurs-are-using-blockchain-and-cr...