6 December 2017
Disrupting the energy landscape, block by block
Will blockchain overcome the hurdles in its way to transform the industry?
There has been a tremendous buzz around the potential for blockchain to transform the energy sector. But there are still a number of uncertainties surrounding the technology and a combination of technological, regulatory and other practical challenges could stall its growth. In the latest World Energy Issues Monitor, produced by the World Energy Council, blockchain is identified asone of the most critical uncertainties within the digitalisation sphere, and is perceived by energy leaders globally to be an issue of both relatively highimpact and doubt. Blockchain technology reduces transaction costs by keeping a single logical copy of transaction records—avoiding the need for reconciliation an
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