The Energy Blockchain Wishlist For 2019
- Jan 1, 2019 12:32 am GMT
This item is part of the Special Issue - 2019-01 - Predictions & Trends, click here for more
With its promise of streamlining energy transactions and establishing peer-to-peer networks at the edge of an electric grid, blockchain has the potential to transform energy markets. Indeed, it has been heralded as the next Internet in its ability to alter our expectations of technology.
This post deflates the blockchain hype. The technology is nascent and still has ways to go before it can make a substantial difference to grid operations or trading of energy credits.
That, of course, is not to say that it does not hold promise.
But the media seems to have put the cart before the horse and elevated blockchain to a status it does not currently deserve. “..This disconnect between the ambitions of what these (blockchain) companies are proposing and just the fundamental toolkit of what they are using to build it is going to continue to frustrate everyone involved,” says Scott Clavenna, co-founder of Greentech Media.
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