Remember to turn off the lights when leaving the room again. According to Lawrence Livermore National Laboratory data, about 68% of US energy production is wasted. So the total energy loss is 66 quadrillion BTU. Some of these losses are losses that are difficult to avoid due to the nature of the energy market.
However, the new DLT project wants to reduce waste by increasing efficiency and finding prices in the energy market. Energy is the new internet, the RedGrid is trying to create, connected with smart devices to communicate about their power needs and solve more value for their users.
As software develops, RedGrid hopes that engineers and developers will use it as an open source protocol to host new decentralized applications for Internet Energy. To provide a platform that can be scaled to new networks, RedGrid chooses Holochian (HOT), a ledger that can be scaled for end-to-end operations.
The first project on IoE, RedGrid, is creating applications for the Mas Optimizing Assets that Meet the Market, which enable high consumption devices to communicate and respond to external market signals, allowing smart devices to reduce activity at peak demand.
How does it work? By integrating Asset Optimization into a purposeful demand management program, this allows users to generate small amounts of profit by reducing consumption during periods of high demand.
Efforts have been made to make Ethereum on a RedGrid original document, but the technical limitations in the PoW network exclude Internet Energy. RedGrid CMO Alex Evan says the IOE platform is not a platform that simplifies energy operations like many other platforms.