Blockchain technology’s potential to transform the modern grid

By YI-NING TAI

Mon, 11 Dec 2017

Blockchain technology could help the energy industry to deal with their two major problems: inefficient renewable energy tracking systems and how to maximise the value of the energy transmission system, experts suggest.
 
 
Traditionally, most companies rely on certificates to track renewable energy. When a factory generates renewable power, meters record data on the spreadsheet and send the sheet back to the registered provider. A second set of intermediaries brokers deals between buyers and sellers of these certificates, and certificates need to be verified by other parties when they are bought.

Generic placeholder image
YI-NING TAI

info@challenge.org

Related Articles

...

Challenge Advisory Welcomes...

Tue, 19 Jul 2016

Dan Butler

...

Renewable Energy’s re...

Wed, 12 Apr 2017

Alfred Gilbert

Subscribe to join our

NEWSLETTER:

EU CitizenNon-EU Citizen

Trending Now