Blockchain Technology in Utilities

Blockchain technology is being applied across a range of industries and the utilities sector is testing its use in a number of different ways; in utilities the use of a centralized ledger has many possibilities; industry professionals are testing the tracking of energy distribution and researching new ways of tracking solar and renewable energy; peer-to-peer energy tracking is also a new concept being tested with blockchain; trading flexibility is another area of research that could help improve industry efficiency; as these solutions evolve, industry standards are being developed to ensure consistent use and compliance and it seems that the large incumbent providers have the greatest advantage in developing new technology solutions.  Source

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