Blockchain and Energy Transactions

Security: I just can’t say enough and there’s even more to say when we talk about it coupled with blockchain technology. For this column, let’s delve in to how blockchain is being used globally to increase security in all kinds of situations—from peer-to-peer energy transactions to national elections and everything in between.

First and foremost, blockchain technology is more than just the underlying foundation for cryptocurrencies like bitcoin. Blockchain enables a decentralized transaction structure that can make transactions of many natures simpler, more secure, more transparent, and more efficient.

One sector that’s worth talking about in conjunction with blockchain is energy. The latest research suggests the global blockchain in energy market will grow tremendously in the next decade. And this is thanks in part to the influx of blockchain vendors in the energy market, including companies like Greeneum, Grid+, Sun Exchange, Veridium Labs, WePower, and so many others. 

Blockchain is a type of distributed ledger technology that provides a platform for the management of transactions and high-value data. And since it doesn’t require a third party, a lot of people see the value in this technology for transforming market models in the energy space.

To read more, visit https://connectedworld.com/blockchain-in-energy-growth/