New blockchain use cases coming for the energy sector New blockchain use cases are under development for Energy Web’s Decentralised Operating System (EW-DOS) and the EW Chain. Among these are enterprise-grade settlement services, distributed resource integration, the growth of geothermal energy in Germany and the advance of token-enabled ecosystems. Enterprise software provider R3 is partnering … Continue reading New blockchain use cases coming for the energy sector→
The energy sector needs to stop seeing blockchain as a disruption Across both sides of the blockchain aisle — both industries contemplating the technology’s implications and evangelists advocating its adoption — people often describe blockchain as the next big disruptor. Skeptics tend to see such claims of blockchain-based disruption as overblown, while the pro-blockchain community … Continue reading The energy sector needs to stop seeing blockchain as a disruption→
Blockchain Technology Will Transform the Power Industry What began in the world of finance has moved into the power sector. Blockchain, a nascent technology most often associated with cryptocurrency, is a new frontier in the energy space, changing the way power is traded, with new business models for peer-to-peer and wholesale transactions, and a growing … Continue reading Blockchain Technology Will Transform the #Power_Industry→
Washington Utility Raises Electricity Rates for Bitcoin Mining Companies Bitcoin mining, or the use of specialized computers that record and verify bitcoin transactions, is notoriously energy inefficient, using up to an estimated 20,000 gigawatt hours of electricity per year. That’s roughly .1% of global generation. So, when bitcoin mining companies realized that a few Washington … Continue reading Washington Utility Raises Electricity Rates for Bitcoin Mining Companies→
Blockchain solar PV investment fund comes together with energy storage platform Solar DAO, a digital, autonomous, closed-end, utility-scale PV project investment fund, has announced its partnership with Powerchain, decentralized platform for energy storage, which allows prosumers to buy, store and sell energy. While a great number of blockchain endeavors in the solar arena focus on … Continue reading Blockchain solar PV investment fund comes together with energy storage platform→
Blockchain could help China’s push for decentralized energy Large utility companies have long held a monopoly on electricity production. Since the late 1800s both state-owned and privately-held enterprises have taken advantage of economies of scale to profit from the creation and distribution of power. The situation in China is no different. A push for energy … Continue reading Blockchain could help China’s push for decentralized energy→
Blockchain Could Help Bring Renewable Energy to the Power Grid, Experts Tell Congress Blockchain technology could help the energy sector secure the power grid and overcome some of the biggest barriers to widespread use of renewable resources, industry experts told lawmakers. But before that can happen, the government needs to fund more blockchain research and … Continue reading Blockchain Could Help Bring Renewable Energy to the Power Grid, Experts Tell Congress→
One blockchain to rule them all Utility regulator Andy Tobin of the Arizona Corporation Commission has filed a docket to explore the potential role of blockchain technology on the power grid, suggesting that we are entering an age of energy technology convergence. The purpose of a blockchain is to store information among many, in a … Continue reading One blockchain to rule them all→
New York Utilities: We Believe Blockchain Is ‘Transformative’ Avangrid, Con Edison, National Grid, the New York Power Authority and Indigo Advisory Group describe the many attractive use cases for blockchain. The potential of blockchain in the energy industry could be transformative. Over the past two years, we have seen a host of energy companies engage … Continue reading New York Utilities: We Believe Blockchain Is ‘Transformative’→
Why Blockchain May Not Be the Best Tool for Energy Trading Despite the hype, the technology suffers from serious flaws. Judging from the exploding number of startups out there, one might think blockchain is going to revolutionize energy trading. But the technology could be a poor fit for the applications that many companies are hoping … Continue reading Why Blockchain May Not Be the Best Tool for #Energy_Trading→
For more information call 1-855-GET-INNOTAP (1-855-438-4666) or contact us by form or
email us today!
