29 May 2017
Blockchain for the Energy Industry?
In a byline for the German Energate Messenger, Denis Baranov shares his thoughts on whether and how blockchain can be used in the energy sector.
"Blockchain technology shows a lot of promise and has the potential to provide the solution for the different challenges in the energy sector. First of all, the technology can reduce and completely delete the entry barriers for electricity markets for individual energy producers and consumers. Based on blockchain nature and strengths, the new marketplaces will provide open and transparent environment for all market participants.
The second possible case can be a digital passport or identity for energy supply chain... Third, the combination of blockchain technology and smart devices can be another interesting case."
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