![3.jpg](https://cdn.steemitimages.com/DQmaKAaV2yeb7HEFMJpCZc4Ch12NKPcneRDkxkcEFpPn2gr/3.jpg)

GRN focuses on renewable energy resources and clean energy campuses to promote sustainability and decentralization. Mining bitcoin and gold requires a lot of energy, and thereby is environmentally damaging. In addition to its environmental effects, blockchain technology offers significant opportunities for societal transformation. While the initial focus on blockchain in the energy sector was on the trading of energy on a public blockchain, the technology has also received attention for its potential in a number of non-monetary sectors. For example, blockchain enables the development of secure, trusted, and efficient smart grids. This can also significantly improve the efficiency of power generation and reduce the risk of network failures and network losses.

Regulation and rulemaking for GRN Grid

In the context of the smart grid, blockchain will work with various agents simultaneously. By integrating multiple agents into the same network, smart contracts can be created and used to develop new business models at lower costs. By improving security, these smart contracts can also improve service efficiency. As blockchain improves, smart grid transactions will become more efficient. As the application of smart contracts evolves, regulation and rulemaking for the GRN Grid will mainly focus on sustainability of blockchain. Blockchain technology has great potential to enhance the smart grid supply chain, but the current literature is lacking in analyzing the long-term sustainability of smart grid technology. It should focus on the whole value chain, from government to information to participants. A sustainable GIP application system should evaluate the impact of blockchain technology in terms of economic, social, and environmental factors. By addressing these three levels of impact, a sustainable GIP application system can contribute to the development of a sustainable smart grid industry and provide a valuable reference for governments and business leaders. ![5.jpg](https://cdn.steemitimages.com/DQmViQNNQREBFydtVsoTbHY7QHxrgWwmgxTakYg3FfiwejK/5.jpg)

A key goal for the GRN Grid is to improve the quality of energy and power production while reducing carbon emissions

The current standard process for transaction verification is based on the proof-of-work algorithm, which requires massive amounts of processing power and electricity to process the information. The wider adoption of blockchain technology could negatively impact efforts to combat climate change. Further, electricity continues to be produced using fossil fuels, accounting for 67.3% of total world electricity production in 2016.This goal is achieved through technological innovation. While this new technology can benefit the energy industry, it should be used to improve social problems. The government will be the main regulator of GRN Grid. Its goal is to help energy enterprises achieve a sustainable energy system. This will improve operating efficiency while improving environmental performance. ![2.jpg](https://cdn.steemitimages.com/DQmdNgkHJLWf7QHC8G6axfW8jYswqhDo7vn87MZgsDB4dnB/2.jpg)

Conclusion

As it is, blockchain applications can support energy efficiency, diffusion of renewable energy, and the reduction of energy consumption. IBM, for example, is experimenting with a blockchain-based green asset management system for carbon trading in China. Another blockchain-based peer-to-peer energy transaction platform will enable efficient electrical energy transactions among prosumers and consumers, and may also have economic benefits. Blockchain-based rewards systems have also been developed by EnergiMine and CARE Village Savings and Loan Association.

✅ For more info

Website: https://grngrid.com/ Official Broker: https://knaken.eu/GRN/ Twitter: https://twitter.com/grngrid Telegram: https://t.me/grncommunity Discord: https://discord.com/invite/bDPK9Vf24R

✅ Creator

Ethereum Username: Bere ice Ethereum Profile Link: https://bitcointalk.org/index.php? action=profile;u=2280593;sa=summary Telegram Username:@Bereiceu BSC Wallet Address: 0x12d8D08Ab1054561a767e376e79d18cd093496B8

✅ Hashtags: #GRNGRID #GRN #SustainableBlockchain #DeFi #cryptocurrency