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. To subscribe to the Blockchain Energizer newsletter, please click here.
IN THIS ISSUE
- Development of a Peer-to-Peer Energy Market Underway in the United Kingdom
- Blockchain Continues to Gain Ground in the Oil and Gas Industry
- Canadian Electric Utility Company Considering Implementing a Higher Energy Rate for Cryptocurrency Miners
To view more information on theses topics in Volume 23 of the Blockchain Energizer, click here.