Why you’re likely to keep hearing about utilities and blockchain in 2020
- Jan 2, 2020 10:30 am GMTJan 2, 2020 5:30 pm GMT
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This item is part of the Special Issue - 2020-01 - Predictions & Trends, click here for more
Blockchain, a record-keeping system made up of digital “blocks” that are chained together,
is appealing to utilities for its security potential, among other uses.
Blockchain has been a rising concept in the energy space in recent years, as more utilities announce pilots and partnerships with tech companies. Several new projects were announced in 2019, and that number will likely grow in 2020.
Utilities throughout the country are trying to figure out how the software can help them secure their operations as new customer-owned generation resources come on the grid, and in the future, blockchain could play an important role in enabling energy exchanges between customers in “transactive energy” marketplaces.