Start Up Energy Transition (SET)'s post

Blockchain to the energy industry’s rescue! ⚡️ How so? ✅ With blockchain, energy companies can track energy usage in real-time, enabling them to optimize their energy consumption and reduce waste. ✅ The technology's tamper-proof nature also ensures data integrity, eliminating the risk of fraud and ensuring accurate billing. ✅ Blockchain also allows for peer-to-peer energy transactions, promoting a decentralized and sustainable energy system. This link between blockchain and energy is still in nascent stage globally! 💢 Large-scale adoption is remains low due to lack of clear regulatory frameworks and interoperability issues.But with ongoing innovation and collaboration, these challenges can be overcome. Think of earlystage start-up Energy Shift, whose web-based blockchain platform enables customers to jointly invest and co-own solarparks. 💡 Or Me SOLshare, who have successfully piloted the world’s first ICT-enabled peer-to-peer electricity trading network for rural households with and without solar home-systems in Bangladesh. #SET100 Find out more about use-cases of how blockchain is catalysing the power of decentralised energy 👉

  • Start Up Energy Transition (SET)

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    We’d love to know your opinion on blockchain’s compatibility with our future energy systems! Do you see any challenges to its large-scale adoption? Let us know in the comments!

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