Building Energy Data Key to Blockchain-Enabled Energy Management
- Sep 23, 2019 9:59 pm GMT
This item is part of the Blockchain in Utilities - Fall 2019 SPECIAL ISSUE, click here for more
When people think about the blockchain-related energy sector, they think about automated transactions across a network. But not everyone realizes that businesses, particularly those with significant energy footprints, can benefit from blockchain-enabled energy management across their commercial real estate portfolios.
Energy management is evolving quickly. Between the shift to digital platforms, increased climate change awareness and resiliency planning, the way we monitor and interact with our energy consumption is changing drastically. What’s more, facilities and energy management professionals no longer only direct what goes on inside the building but are expected to add value to their properties and participate in the supply side which brings them into the broader energy market. The emergence of blockchain applications is affecting all those tasks. But our transactive energy future cannot exist without data, specifically granular equipment energy data from buildings.
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