Will Blockchain Technology assist the search for renewable energy solutions?               

Blockchain is a methodical system of recording information in a manner that eliminates the possibility of alteration, modification or deceiving the system, through the use of decentralization and cryptographic hashing. In 1991, Stuart Haber and W. Scott Stornetta were the first to describe it.

It is fundamentally referred to as Distributed Ledger Technology (DLT). Digital assets are distributed, rather than copied or transferred, creating an immutable record of an asset. It is a revolutionary and a prime technology for each sector, potentially. Each block in the chain contains several transactions, and with each new transaction, a record of the transaction is added to each participant’s ledger. For instance, a Bitcoin block contains information regarding the receiver, sender, and the number of the bitcoins to be transferred.

The properties of Distributed Ledger Technology (DLT)

  1. Immutable: Validated records are irreversible and tough to modify.
  2. Unanimous: The validity of each record is agreed upon by all network participants.
  3. Time-stamped: A transaction timestamp is recorded on a block.
  4. Anonymous: The identity of the participant is either anonymous or pseudonymous.
  5. Security: Records are individually encrypted.
  6. Distributed: Participants have a copy of the ledger for complete transparency.
  7. Programmable: A blockchain is programmable (i.e. Smart Contracts).

CONTEMPORARY TECHNOLOGY

Blockchain technology is considered to be a futuristic tool, having a wide range of applications across several industries or sectors. At present, it is utilized to facilitate identity management, smart contracts, supply chain analysis and so forth. It is difficult to completely grasp the concept of blockchain technology. However, the fundamentals are uncomplicated.

In years to come, blockchain technology would be significantly determined by the field of cybersecurity, rationally. It is an emerging technology and its potential cannot be validated or disregarded, yet. In financial transactions, it would not only save time and money, but it would make the transaction processing and authentication process without possible interruptions.

Blockchain developers have gradually gained momentum in the job market, there has been an increase in demand for software engineers, knowing blockchain development, in the past few years. Blockchain is an ever-growing chain of blocks, which is chronologically managed. Its decentralized nature is one of the most important features of the technology. It’s the most cutting-edge technology at present and attracted high attention.

In the information technology domain, it is one of the most encouraging upcoming technological trends. The numerous benefits involved in developing such a platform have managed to attract the attention of investors, from the financial sector as well as several technological giants.

BLOCKCHAIN AND RENEWABLE ENERGY SOLUTIONS

Climate change is a global concept, it is a significant variation of the average weather conditions of the earth. The rise in the average temperature, globally, is generally known as Global warming. There have been concerns around global climate change and measures to ensure the effective implementation of renewable energy. The major renewable energy sources currently are-: 1. Solar energy. 2. Wind energy. 3. Hydro energy. 4. Tidal energy. 5. Geothermal energy. 6. Biomass energy.

However, even though there is an increase in general public awareness, directing their attention to renewable energy from leading renewable energy companies in India, as a significant component of sustainable development, it may not be adequate. According to the International Energy Agency, renewable energy isn’t growing in accordance to meet the climate goals or challenges. The IEA forecasts of renewable energy, growing to account for 18 per cent of the world’s energy by 2040, that’s below their ideal sustainability target of 28 per cent.

Could blockchain technology assist the search for renewable energy solutions, in a more resilient manner?

Why blockchain?

Blockchain technology has made an impact in the technology sector and gradually made a place in the energy sector and effectively solving issues related to it. The features as decentralization and distributed networks, make it vividly clear that the technology was specifically built for such an application.

There are various advantages of blockchain technology that can be utilized by the government, to begin building distributed power grids of their own. There are successful examples of this approach, taking place in the real world right now already. For example, the Eloncity Model, which is backed by the non-profit AI Grid Foundation and Swytch, is another blockchain technology in action in the renewable energy sector.

To create financial incentives for both individuals and businesses to adopt more responsible sources of energy and to reduce their dependency on fossil fuel, perhaps is the concept. It is also applicable to governments, looking to implement more sustainable energy systems. As the renewable energy sector continues to grow, looking for proper ways to implement the right strategies could be the ultimate vision.

A Centralized System and Decentralizing the Grid

Currently, there are a variety of issues that plague the energy grids already in place. One of the major drawbacks is the centralization of power grids. The problems of centralized power grids have now become apparent and it is also responsible for centralized failures. Due to the centralized nature of the systems, there are high chances of system failures.

The most salient answer to the flaws of a centralized system is perhaps decentralization. The decentralized energy grid can be far more resilient and could eventually avoid power outages altogether.

Court orders 16-year-old boy to take care of his minor live-in-partner and child

The reported case of a minor 16-year-old boy having a child with his live-in partner has stirred quite the media attention. In a court verdict, the court has directed that the 16-year-old minor should look after both his live-in partner and also his son. In a further verdict placed by the court, it was also ordered to the Hilsa Bal Kalyan police officers to deliver a report scrutinizing the well-being of both the minor girl and her infant. This is too. Be done every six months for the next two years until the individual turns eighteen. 

Biharshari: A 16-year-old boy (minor) was organized by the Nalanda Juvenile Justice Board (JJB) principal judge Manvendra Mishra after a string of circumstancesl to take care of his ‘live-in partner’ and the infant that they parented together. The infant right now stands at eight-month-old. The minor was also absolved of charges of kidnapping the minor girl. Reports suggest that the girl who was trapped with the boy is 18-months- older.

The court also directed the parents of the accused to treat the minor girl as their daughter-in-law taking into account the trauma that the teenager must have faced. It also enforced the parents of the accused to look after the infant as their granddaughter. According to the court, all of these criteria need to be fulfilled religiously. The trial that originally started on March 19 concluded on Monday.

Additional public prosecutor Rajesh Pathak claims his amusement to the fact that it is perhaps the first time that a trial has ended in just three days. He also stated that an FIR was filed in the Hilsa police station on February 11, 2019. On July 19, 2020, the minor girl confirmed that she had run away with the accused juvenile to Delhi by her own will.

There she claims that they happily lived there as a couple and willingly had a daughter with her minor lover. Though it is confirmed that though the boy’s acts were punishable by law, he was acquitted keeping in mind three minor lives were dependent on the boy. The three lives consisted of himself, his ‘live-in partner’ and their daughter.

Pathak, while engaging further about the case, was quoted by the Times of India saying that the juvenile was only 14 years of age at the time of committing the crime. The mind then surrendered in court on February 20 this year. He was then sent to a place of safety in Sheikhpura district.

Pathak further added that the parents of the accused minor have agreed to the conditions of the court. The minor girl’s father has also assented to not pursue the case any further. The court has further directed the Hilsa Bal Kalyan police officer to submit a report regarding the well-being of the minor girl and her infant every six months. This is to be continued for the next two years to ensure the well being of all three of them.