As energy markets evolve, blockchain powers up
Blockchain is moving from the financial and crypto currency market to the energy industry.
Blockchain is a database of transactions distributed among multiple computers, which eliminates the need of a trusted intermediary and ensures those transactions cannot later be altered, removed or reversed. It can offer a way to handle complex and decentralized transactions between electricity users, producers, retailers, traders and utilities. The use of tokens also offers a way to reward users for saving energy.
Do you think blockchain will be a game changer for the electricity industry?
No discussions yet. Start a discussion below.