Blockchain is most commonly known as the technology that underpins cryptocurrencies, the most well-known of which is Bitcoin. But the capability of the technology goes further than just the banking industry as it can also be harnessed to transform the renewable energy industry.

In a 2018 article, Deloitte forecasted that blockchain will serve as the ‘underlying backbone’ of the energy sector’s transactional infrastructure. Indeed, blockchain is set to transform the renewable energy industry in many ways from certifying the source of green energy by allocating generation assets to a specific point of consumption to making energy grids more accessible through data-sharing in real-time and through enabling a transaction between two parties; the latter of which will be the focus of this article.

Blockchain: “Opening Doors in The Energy Sector” | Devamı>>>

Societal pressure and emissions policies are speeding up innovation in the world of energy. At the same time, increasing competition is pushing companies to become more efficient.

A range of businesses from the likes of Google and Facebook to Nestle are now opting to use more sustainable energy sources such as solar and wind. However, to make the most of renewable technology, business will need to embrace new technologies.

At Schneider Electric we see first-hand that companies are increasingly willing to test out new cleantech to create operational efficiencies, reduce environmental impacts, and cut costs — or even potentially generate ROI.

Technologies That Will Revolutionise Energy | Devamı>>>