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
Also in this section
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector
