Blockchain for Energy 2018: Companies & Applications for Distributed Ledger Technologies on the Grid
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This report provides research on how blockchain works in energy, the investment and vendor landscape, and a regional analysis of currently deployed pilot projects across the globe.
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Blockchain is an immutable distributed ledger that verifies and records peer-to-peer transactions without a central authority. It promises more efficient transactions with lower costs based on disintermediation of identity verification. While it has been around since 2009, 2017 marked a turning point in global recognition for its potential applications.
The first blockchain in energy transaction took place in April 2016 in Brooklyn, New York. Today, less than two years later, there are 122 organizations involved in blockchain technology and 40 deployed projects. Between Q2 2017 and Q1 2018, over $300 million was invested in the blockchain in energy industry.
FIGURE: Funds Raised Q2 2017 – January 2018
Our Power & Renewables reports and data provide deep insight into the current and future state of electricity generation.
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- Blockchain for Energy 2018: Companies & Applications for Distributed Ledger Technologies on the Grid
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