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Blockchain innovation can aid in revitalizing the US power grid by organizing human effort and underutilized resources to establish decentralized energy systems, as stated by Cosmo Jiang, a general partner at the venture capital firm Pantera.<\/p>\n
\u201cThe entirety of civilization, since time immemorial, has been founded on the alignment of incentives, and blockchain represents a novel method to motivate individuals in a decentralized manner that wasn’t feasible until now,\u201d Jiang informed Cointelegraph during an interview.<\/p>\n
The VC elaborated that enterprises within the gig economy<\/a> have created avenues for individuals to capitalize on their spare time and resources beyond standard working hours via freelance roles. According to Jiang, blockchain can harness this potential by coordinating idle infrastructure, labor, and resources to construct a decentralized energy network:<\/p>\n \u201cA few protocols focus on applying token-based incentives to motivate everyday individuals to install solar panels on their rooftops or set up batteries at their residences. This way, an energy network is developed that isn’t centralized and doesn’t require significant capital investment.\u201d<\/p><\/blockquote>\n Jiang concluded that this modality of energy decentralization enhances the grid while simultaneously navigating the regulatory maze<\/a> that the Trump administration identified as one of its three core tenets of \u201cAmerica\u2019s AI Action Plan<\/a>,\u201d a strategy aimed at positioning the US as the foremost leader in artificial intelligence.<\/p>\n