Utilities, blockchain is here to help you. Really.
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- Sep 24, 2019 5:15 pm GMTSep 23, 2019 3:56 am GMT
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This item is part of the Special Issue - 2019-09 - Blockchain in Utilities, click here for more
Blockchain has earned a widespread reputation as a disruptor and a disintermediator. Most often it’s positioned as a threat to incumbents in industries with important centralized players or middle men, such as banking, finance, notary, and the like. But is blockchain’s disruptive reputation warranted in the energy sector? Spoiler alert: we’d argue not. In fact, we urge quite the opposite.
The energy sector—especially electricity—is already becoming decentralized and customer-focused without blockchain
There is no shortage of evidence that customers are investing in distributed energy resources (DERs) in record numbers: rooftop solar PV, behind-the-meter battery energy storage, smart thermostats, and perhaps above all, electric vehicles. The focus of capital investment and asset deployment is rapidly shifting to the edge of the grid.