The blockchain technology that facilitates transactions for the cryptocurrency Bitcoin could revolutionize the power industry. Blockchain offers a reliable, low-cost way for financial transactions to be recorded and validated across a distributed network with no central point of authority. As in the financial services industry, this capability has prompted some people to explore whether blockchain may one day replace a portion of utilities’ businesses by doing away with the need for intermediaries altogether.
Blockchain technology is making peer-to-peer energy trading a reality
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