Blockchain expertise can assist modernize the US electrical grid by marshaling human labor and stranded assets to create decentralized power infrastructure, based on Cosmo Jiang, a common associate at enterprise capital agency Pantera.
“All of civilization from the start of time has been constructed on the coordination of incentives, and blockchain is only a new solution to incentivize folks in a decentralized method that wasn’t attainable earlier than,” Jiang advised Cointelegraph in an interview.
The VC defined that firms in the gig economic system have devised methods of permitting folks to monetize their free time and assets outdoors of their regular working hours via freelance commitments. Blockchain can faucet into this by coordinating unused infrastructure, labor, and assets to construct out a decentralized power grid, Jiang mentioned:
“There are a couple of protocols specializing in utilizing token incentives to encourage on a regular basis folks to put in photo voltaic panels on their roofs or set up batteries of their properties. And that method, you create this power grid that is not centralized and deployed via heavy capital expenditure.”
Jiang concluded that this kind of power decentralization strengthens the grid whereas additionally chopping via the regulatory pink tape that the Trump administration mentioned is one in every of its three pillars of “America’s AI Action Plan,” a method to make the US the worldwide chief in synthetic intelligence.
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The Trump White House says strengthening US power grid is a serious precedence for AI growth
“The US electrical grid is among the largest and most complicated machines on Earth. It, too, will have to be upgraded to help knowledge facilities and different energy-intensive industries of the long run,” a latest White House report learn.
US President Donald Trump has repeatedly emphasised that the nation should maximize its power assets to satisfy the demand for AI knowledge facilities, crypto mining, and different high-performance computing functions.
This contains exploring nuclear power technology and shielding present grid parts from electromagnetic disruption, the president mentioned.
Building redundant power techniques to make sure most grid uptime and resiliency, whereas guaranteeing that important backups are at all times accessible, can also be a coverage goal of the US president’s power infrastructure improve plan.
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