Yesterday, S&P Global Platts
published a report on the use of distributed ledger technology (DLT) for energy markets. The firm observed that new blockchain use cases are being identified as energy markets evolve with the emergence of new power systems. However, the US is lagging behind.
S&P said that blockchain is past
the hype cycle and is now maturing to integrate specific use cases. “It’s becoming clearer to see where blockchain can unlock value in energy markets,” said Jesse Morris, chief commercial officer at non-profit Energy Web Foundation (EWF), speaking at the Blockchain in Energy Forum 2019. The EWF boasts
over 100 affiliates including Seimens, Total, and Centrica.
Yesterday’s report found that while it was initially thought that blockchain could disrupt whole systems, now potential is being realized for specific energy applications.
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