Grid+ provides an accounting layer for the energy ecosystem by utilizing Ethereum smart contracts. Users retain control of their own assets and can choose exactly how they are utilized in the system. By moving the transaction logic for both energy and payments onto a trustless architecture (blockchain + state channels), Grid+ reduces the administrative burden of processing transactions over legacy rails (traditional payment processors typically charge fees of 1.5 - 2.5% ).
Ethereum
300,000,000
