Blockchain in the energy and utility market could be transformative, providing infrastructure for sophisticated networks to manage distribution, trading, payments and more. The markets are undergoing rapid changes to accommodate the increasing volumes of renewable energy sources. A blockchain application/platform can rapidly and automatically convert these changes through a smart contract system to ensure security and transparency.
There are dozens of potential applications of blockchain technology in the energy and utility sectors. As an example, Offsetting CO2 emissions and verifying renewable energy guarantees could be made easier with blockchain implementation. The Blockchain Expo running on the 25-26 April in London focuses on a number of these.