What is Blockchain Transform-EnergyMarket?
Few technological innovations have captured the public interest in recent years, One among those emerging technology is Blockchain transform Energy. Blockchain originally was devised for digital currency such as bitcoin and has moved into the energy space, allowing digital information to be distributed across networks. A blockchain is a secure, rapidly growing list of records which is constructed as a decentralized database and further distributed and managed by peers rather than by central server. This technology is resulting in a new world of decentralized communication and coordination by building infrastructure to let peers connect safely without a centralized intermediary.
Execution of peer-to-peer exchange of electricity at large-scale is the current trend for this market.
To prevent failure in power grids, Increased focus on enabling real-time transactions and designing of more vigorous business models, Automation which requires data integrity and security. and Utilizing blockchain technology to optimize the existing practices of the energy sector
The growing focus on enabling real-time transactions and designing of more dynamic business models is leading to the growth and opportunity to the vendors in the market.
The Manufacturers Covered in the Study are:
Power Ledger Limited (Australia), WePower UAB (Australia), Conjoule GmbH (Germany), Enosi Foundation (Australia), Electron (Chaddenwych Services Limited) (Japan), Accenture (Ireland), AWS (United States), Deloitte (U.K), IBM (United States) and Microsoft (United States)
List of players that can be included in the study on immediate basis are Nodalblock (Europe), LO3 Energy (Portland), Grid+BTL group Limited (U.K) and The Sun Exchange Pty Limited (South Africa).