There is a lot of buzz around blockchain technology and its potential to revolutionize a wide range of industries from finance and health care to real estate and supply chain management. Reports estimate that over $4.5 billion was invested in blockchain startups in 2017 alone, and many institutions and companies are forming partnerships to explore how blockchain ledgers and smart contracts can be deployed to manage and share data, create transactional efficiencies, and reduce costs.
While virtual currencies and blockchain technology in the financial services industry have been the subject of significant debate and discussion, blockchain applications that could transform the energy industry have received comparatively less attention. Every other week, the K&L Gates’ Blockchain Energizer will highlight emerging issues or stories relating to the use of blockchain technology in the energy space.
European Utility Denies Renewable Energy Sale to Swiss Cryptocurrency Mining Unit Manufacturer.
Wien Energie is Testing Blockchain-based End-Customer Energy Products.
Energy Trading Company Vattenfall AB is Considering Deploying a Blockchain-based Trading Platform.
Gas Natural Fenosa and Endesa Become First Companies to Use Blockchain for an Energy Trade in Spain.