The study 'Blockchain—an opportunity for energy producers and consumers?' analyses the potential impact of blockchain technology on the energy sector and explores what opportunities it may hold for energy customers and energy consumers.
Born as a niche product on the fringes of the market, blockchain has for some time now been garnering the attention of experts in various industries, and has increasingly been in the spotlight of the media. The blockchain innovation is that transactions are no longer stored in a central database, but distributed to all participating computers, which store the data locally. A number of businesses and initiatives have recently been launched that apply the blockchain principle to other industries, among them the energy sector. Blockchain applications are generally considered to be a very promising technology but they are still at an early stage of development.