Today, a
report by venture capital group Outlier Ventures emphasizes the need for blockchain based technologies to bring us into the future of clean energy. The firm worked with organizations such as Siemens, WePower Network, and Stanford University for its research.
The report, ‘The 3Ds of Energy: Decarbonization, Digitization and Decentralization’, presents a clear link between moving to a blockchain based grid and lower carbon emissions. It outlines three technologies needed to create the grid of the future; blockchain, Internet of Things (IoT) and Artificial Intelligence (AI).
The Head of Research at Outlier Ventures, Lawrence Lundy-Bryan, said: “We must move to a low-carbon economy as fast as possible to avoid the consequences of the worst climate change predictions, and to do so, the energy sector must upgrade its data infrastructure immediately. We can no longer afford to wait.”
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