At this time, numerous institutions and businesses are actively exploring the potential of the blockchain network, with the Pacific Northwest National Laboratory (PNNL), part of the U.S.Department of Energy (DOE) being the latest to join the blockchain race.
According to recent reports, the national laboratory has begun actively exploring the potential of blockchain applications, especially when it comes down to managing next-generation power grids in the country.
The announcement was made by Carl Imhoff, a manager that the PNNL, before the Committee of Energy and Natural Resources of the U.S.Senate.
In his statement, Imhoff mentioned that the research lab is applying various advanced technology concepts, in an effort to explore paradigms for future power systems which would be both adaptive and resilient to a wide variety of issues.
He also mentioned that:
With regard to the grid, blockchain could be a part of grid modernization efforts, encourage distributed power generation and storage systems, and help secure emerging market constructs.
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