The shared economy is going solar with neighbors buying and selling renewable energy to each other in Brooklyn

Blockchain technology, the same database system that drives Bitcoin, is now being used to transform the energy sector. A consortium of concerned citizens have proposed a community microgrid iteration that allows people to bid for and sell solar energy to their neighbors. Brooklyn-based LO3 Energy seeks to create a series of local energy networks which would empower New York residents to separate themselves from larger electrical grids during emergency situations, such as extreme weather events which could cut power supply.