Overview of the impact Blockchain´s tech impact in The Energy Industry
- Sep 27, 2019 7:38 pm GMT
This item is part of the Blockchain in Utilities - Fall 2019 SPECIAL ISSUE, click here for more
In the last year, the roughly 120 energy blockchain startups in existence collectively raised a total of $324 million. These fledgling energy companies comprise the majority of investment in energy-focused blockchain technology. Incumbent energy companies, however, also have skin in the game. They are exploring the cost-saving benefits of blockchain technology and forming consortiums to discuss future applications. So what is happening in the energy and blockchain space? We can break it down into two broad categories: innovations in the realm of the electricity grid, and innovations in the realm of incumbent oil and gas.
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