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 👉
Revolutionizing Decentralized Renewable Energy (DRE) through Blockchain
Blockchain is in the spotlight this month and you will get to know of its potential in the battle against energy poverty. Blockchain can be a game-changer in accelerating the scaling of innovations to
https://www.powerforall.org/insights/technologies/revolutionizing-decentralized-renewable-energy-dre-through-blockchain
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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!