INSPIRATION
Blockchain technology intends to unite all energy stakeholders under a single decentralized network. Electricity producers, distribution network operators, metering operators,providers of financial services, and traders potentially benefit from utilizing smart contracts. These contracts ensure that all energy-related transactions pass through a secure and immutable network, thus eliminating potential losses. Blockchain also holds the potential for achieving some degree of equality between energy producers and consumers by making electricity affordable for more people.
Turkish startup Blok-Z uses blockchain technology that enables anyone to be an energy market player with access to economical, transparent, and traceable green electricity.
The Blok-Z software securely records ownership and consumption of electricity to automate settlement, auditing, and back-office processes.
Australian startup Enosi accelerates direct access to renewable energy services using its blockchain platform. The Enosi Protocol helps bypass bureaucratic processes that inhibit the natural expansion of distributed generation. Enosi’s solution empowers community energy trading without requiring microgrids or incumbent grid partners.
