Why we should consider blockchain technology for integrating DER
- Sep 17, 2019 8:01 pm GMT
This item is part of the Special Issue - 2019-09 - Blockchain in Utilities, click here for more
People often ask me, 'why should we consider distributed ledger (aka Blockchain) for DER?'
My simple answer is, while you can use traditional technology approaches, my analysis to date is showing a distributed ledger will deliver better outcomes for the consumer at lower costs.
A distributed ledger is not the cure to all ills. When you should, and should not, adopt a distributed ledger architecture is well documented, and I will not expand on it here. I will instead focus on why I believe we should consider a distributed ledger in liberalised energy markets.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.