The energy sector is changing rapidly. In a decarbonizing, decentralizing and democratizing landscape, new innovative business models are often based on digital tools. Machine learning and artificial intelligence, for example, have ushered in unprecedented ways of forecasting and executing simulations. With the roll-out of smart meters and other data points, the “Internet of Energy” is slowly, but surely, starting to become a reality, increasing the value of data management even further. One of these digital tools attracted a remarkable amount of attention over the past few years: blockchain technology.
Opinions on the added value of blockchain in the energy sector are often either presented in clear shades of black or white. Personally, I feel that some shades of grey might be more appropriate to paint the true picture.
Leoncio Montemayor, project manager at Solarplaza, was joined by David Groarke of Indigo Advisory Group and Killian Tobin of Omega Grid to give a broad overview of the advantages blockchain provides to the energy sector; highlighting examples, trends and results for use cases for utilities, as well as key learnings and challenges for the future.
2017 was a strong year for the blockchain energy field. 2018 promises to be the year where ideas go from small-scale pilot projects to hopefully commercial deployment. So without further ado, let’s get to the latest developments from the field!
Are there any utility business models using blockchain technologies? Should energy providers consider blockchain technologies? What innovative uses of blockchain technologies have been active in the marketplace? These are all questions that utility companies are asking themselves before they can embrace blockchain technologies in their business models. On the 8th of January 2018, we will organize a webinar titled: “Blockchain-enabled use cases for utilities”, where we will present the opportunities that blockchain offers to utilities along with a real-world example.
The energy sector is in the middle of a transition from a centralized, analogue, oligopolistic industry into a decentralized, digitalized sector where people can achieve complete autonomy through residential energy generation and storage. If only there was a technology that could support this transition…
Exactly seven weeks from today, energy professionals from all over the world will gather in Amsterdam, to collaboratively explore the potential that blockchain-technology offers for the energy sector. But which speakers will set the mood for these two inspirational days? We are proud to announce our second wave of speakers and sponsors.
On the 9th of November, Solarplaza hosted a webinar on blockchain applications: ICOs and tokens in the energy field. It was organized in the run-up to the 2-day Blockchain2Business conference in Amsterdam, the Netherlands on the 5th and 6th of February 2018.
Since the last update (Nov 29, 2017), the price of Bitcoin has gone almost from 10,000 USD/BTC to over 16,000 USD/BTC. It seems like Bitcoin is past the point of no return. Coinbase, one of the most popular crypto exchanges, is adding up to 300,000 accounts per day and it’s the most downloaded app on Apple’s US App Store! Early adopters good bye, welcome early majority!