Utilizing blockchain to securely manage energy trading and transactions.
Role | Deep Tech Used | Impact Vector | Industry | Impact Vector %Benefit |
---|---|---|---|---|
Head of Digital Applications, CEO | Blockchain Technology | Growth | Energy & Utilities | 33% |
Utilizing blockchain for energy trading and transactions involves creating a transparent and secure ledger to record and verify energy transactions among multiple parties. This technology ensures trust and eliminates the need for intermediaries, reducing transaction costs and the risk of fraud. It also enables efficient peer-to-peer energy trading and supports the integration of renewable energy sources into the grid by enabling real-time tracking and settlement of energy production and consumption.
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