The power industry has undergone a transformation over the past several years, with utilities embracing new technologies, new sources of generation, and relying on data to make their operations more efficient. Another emerging technology also could be transformative. Blockchain, originally devised for digital currency such as bitcoin, has moved into the energy space, allowing digital information to be distributed across networks. The idea is to allow consumers, be they individuals or commercial enterprises, to buy and sell energy directly between one another, in a peer-to-peer (P2P) trading manner. Blockchain is well-suited to this because it creates a transparent, auditable, and automated record of energy generation and consumption. It can result in energy efficiency and cost savings.
Power Mag 1st Jan 2019 read more »