It is not surprising that nowadays a large number of sectors such as energy production companies, entrepreneurs, technology developers, investment companies, national governments and members of the academic world, know about the great potential of blockchain technology, so the more we discover its great potential we could be seeing in the future large investments in this technology by the energy sector. However, in the back of our minds we wonder:
What solutions can blockchain technology bring to the energy sector?
The use of renewable energy is growing with the idea of being able to meet the demand for energy from gas, oil and coal, which is why it has opened a very varied market for renewable energy, coupled with this growth we also find that renewable energy is difficult to anticipate as they depend largely on weather conditions, an example of this is that if there is not a strong sunshine where the solar panels are installed can not generate solar energy, there is also a strong demand in terms of security.
In view of the problems demanded by renewable energies there could be a set of solutions related to a possible implementation of:
- A quick supply inclusion.
- Implementation of smart grids.
- Implementation of grid storage.
The high demand for these types of energy has made the implementation of digital inclusion more massive, which will also facilitate its use with blockchain technology, coupled with this if we assume that blockchain technology are network protocols or open and decentralized invoices, then we can confirm that through the use of blockchain technology we can safely safeguard the necessary bank payments in the use and development of this type of renewable energy, thus making it a decentralized system that does not depend on a centralized authority to maintain control of such banking movements.
This demand and high adoption of renewable energy will seek the implementation of public blockchain, as they are complete and completely safe, this is certified by the fact that the accounting entries will be cryptographically connected to the old transactions, so that each person who is connected to the network and is a user can verify the purchases made, this compared to traditional systems generates greater confidence as there is transparency in transactions coupled with the fact that there are also records that are more reliable.
The possible use of blockchain technology in the energy sector is just beginning to be understood, so in an investment sense it would be a very good time to start investing in blockchain technology used in the energy sector, we are not far from a reality where blockchain technology can substantially alter the markets of electrical products and raw materials, as this magnificent way of being able to transform online services can be exchanged in different directions.
Hello @carlos84, the blockchain and the energy sector can perfectly go hand in hand, however, for the sole idea to gain acceptance worldwide, it would be necessary for some projects to be presented where the benefits of this proposal are observed, I will be attentive to read about this, I would like be part of one of these projects.
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Hello @carlos84
The blockchain, as far as I have been able to see, has many possibilities of use, and it is this technology, beyond cryptocurrencies that is attracting the attention of many institutions, because of the ease and security it provides for data storage and tracking.
I think it will be a matter of time before we see more and more uses of this technology in many areas.
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Anything that relates to cryptocurrency and Blockchain is something that I don't for once joke about. I have been hearing about people talking about how Blockchain can affect the energy sector positively, if this is true it will be something to really embrace. I just can't wait to see such usefulness.
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