Blockchain in the energy and utilities market could be transformative, providing infrastructure for sophisticated networks to manage distribution, trading, payments and more.
The markets are undergoing rapid changes to accommodate the increasing volumes of renewable energy sources. A blockchain application/platform can rapidly and automatically convert these changes through a smart contract system to ensure security and transparency.
There are dozens of potential applications of blockchain technology in the energy and utility sectors. As an example, Offsetting CO2 emissions and verifying renewable energy guarantees could be made easier with blockchain implementation. The Blockchain Expo https://blockchain-expo.com/global running on the 25-26 April in London, focuses on a number of these.
Ian Johnson, Event Director Blockchain Expo, suggests that “Organisations should concentrate on the value of the technology and focus on a business-led discussion as opposed to a technology-driven discussion. They have the potential to cut costs and remove friction through the value chain. During the conference, there is a dedicated Blockchain for Enterprise track which focuses on key industries that are disrupted by blockchain, with energy and utility included.”
Blockchain Expo has been embraced by the blockchain community with notable experts and leading organizations joining the conference agenda. Event attendees can expect to meet with over 6,000 like-minded individuals, 350+ exhibitors such as PwC, Dell, Intel, Hyperledger, Consensys and Stratis, in a series of networking opportunities. The Blockchain Expo will also allow you to ask questions to the events 200+ thought-leading speakers in Q&A sessions.
Speakers within the utilities and energy sector, include:
- David Ferguson, Head of Digital Innovation at EDF Energy
- Julian Gray, Technology Direct, Digital Innovation Organisation at BP
- Duco Drenth, Director New Technologies at Dietsmann
- Jo-Jo Hubbard, COO and Co-Founder at Electron
Blockchain Expo Europe will also take place at RAI, Amsterdam on 19-20 June 2019. Blockchain Expo North America will take place at the Santa Clara Convention Center in the heart of Silicon Valley on 13-14 November 2019.