Blockchain and DLT has the potential to revolutionize the energy sector, democratizing control and accelerating the adoption of renewable and distributed resources. Our early estimates show that applications of blockchain technology in the energy sector will be worth over $50 Billion per year.
In order to reach this future and unlock this value, significant foundational work is required in the areas of: regulatory acceptance, incumbent adoption and technological functionality (e.g. increased transaction volume and secure device connections).
The Energy Web Foundation is building an ecosystem of early adopters and creating an open source, blockchain-based platform with the necessary functionality for the energy sector.
ROCKY MOUNTAIN INSTITUTE
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