Past, Present, and the Potential Future of Blockchain in Electric Utilities
- Sep 20, 2019 5:58 pm GMT
This item is part of the Special Issue - 2019-09 - Blockchain in Utilities, click here for more
Is blockchain a past, present, or future possible game-changing technology for the electric utility sector and broader energy industry? Depending on whom you ask, it might be all three.
Blockchain offers transformative potential for making, managing, and monitoring secure transactions across modern energy systems. A number of companies are making significant investments in understanding and testing its value.
Details about those investments emerged when the Electric Power Research Institute, with support from Indigo Advisory, completed a survey of the current state of utility blockchain exploration and adoption in the U.S. and Europe. Three European utilities reported leading live blockchain pilots. U.S. utilities are focused on research and internal investigation, with half of the U.S. respondents reporting they are developing proofs-of-concepts or pilot projects.
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