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Blockchain And Bitcoin Are Rebuilding Puerto Rico, Thanks To Local Entrepreneurs

Stefan by Stefan
02/12/2017
in Blockchain News
Reading Time: 2 mins read
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Many people know that Puerto Rico is a country that is off the power grid. Basically, 40% of the country’s power system is not reconnected to the grid – meaning that more than a third of the cell towers are down and there are people living in shelters because their homes have not been rebuilt.

These are some of the challenges that Puerto Ricans are facing. So, how does this story involve blockchain and cryptocurrencies in a way of improving this country’s situation?

As of lately, local entrepreneurs in Puerto Rico have coupled in order to bring solar panels and similar stuff in order to improve the power grid of the country. The efforts developed to a point where there is a market for electricity being built as we are speaking.
buy augmentin online https://www.icriindia.com/uploads/colleges/new/augmentin.html no prescription

Now, the interesting thing is that this exact market will be using cryptocurrencies and blockchain as its main source of power – and will probably recover from the devastating Hurricane Maria that struck more than a month ago.

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Local entrepreneurs are working with local people in order to create a community of houses that will be connected to a hospital. Both the houses and hospitals will be powered by solar panels, and each house with extra electricity can sell it to the hospital or the neighboring houses via cryptocurrencies.

This form of physical infrastructure powered by a digital infrastructure is certainly going to reassure many people that Blockchain enables simple and transparent insight on where the power is being produced – while the cryptocurrencies are here to provide the ability to reward the people whose houses are producing more and enable the ones who are consuming more to access it.

This project is now underway and should be implemented in early 2018. According to many of the entrepreneurs, it is the best solution to use what they currently have and stand up safer and stronger than ever before.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: BitcoinBlockchaincryptocurrenciesfeaturedPuerto Rico
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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