Blockchain, the newest technology poised to revolutionize numerous industries, could help decentralize electricity systems across Asia, Europe, Australia and the United States. In Brooklyn, peer-to-peer microgrids allow prosumers—energy consumers who generate small amounts of electricity from renewable sources—to trade energy with other users. Blockchain technology provides distributed ledgers that validate, record, and share each transaction, using smart contracts that automatically execute energy trades when the price and volume of the electricity transaction meet the contracted requirements.