dena grid study: Blockchain use for energy transition already today

the The Blockchain as a Jack of all trades – is not quite as simple as it. As a recent study by the German energy Agency shows that could be on the Blockchain but one of the key technologies for the energy sector. The technology put although still in its infancy, a use is worth but still.

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28. February 2019BTC$3.854,76 1.24%part Facebook Twitter LinkedIn xing mail

Not only crypto-currencies like Bitcoin have their permission. The underlying technology, the Blockchain could also be used in fields such as supply chain management, ethical food production or in the energy supply industry. For the latter, there is now scientific evidence.

The German energy Agency-in short, dena, has the potential of Blockchain technology for the energy turnaround. The result: The use of the Blockchain in the energy system is useful. This is from the on 26. February study published in the "Blockchain, in the integrated economy", the BTC-ECHO.

Thus, the technology can already today, in many areas of the energy industry added value for businesses and consumers. This is the result of the Authors of the study, by examining the contribution of the Blockchain to the energy transition on the basis of eleven specific cases of application.

Although the investigation will throw a good light on the Blockchain, you have to show a commitment, but to examine in detail:

Our study, that the Blockchain can be particularly useful when it complements existing protocols for the exchange of digital information. It also illustrates, however, that for each application case by case analysis is required. In order for the core technology, continue to develop and their use in the energy sector can be extended to politics and the economy, give the subject is clearly more attention,

so, Andreas Kuhlmann, Chairman of dena's management Board.

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rating is not only based on the technical feasibility

made In the valuation in respect of a Blockchain-use does not need to look at the industry, however, exactly: even If a specific application is technically already feasible, the economic Benefits, however, always present An assessment must therefore be carried out in a holistic way, according to the authors of the study.

The research in the new technology worthwhile, but at most. Right now is the time for businesses in this new field. Finally, First movers usually have an early-mover advantage in the market, according to a press release from dena.

technology is still at the beginning of

Also, the presumption of Gartner, the technology is not yet Mature for a long time, seems to confirm the study. Accordingly, the Blockchain is still at the "beginning of their learning curve," Philipp Richard, team Manager for digitisation and project Manager of the study. Block chains are in the future faster, more efficient and more cost-effective. Therefore, the technology is capable of anything that you "supported in the coming years [...] the tasks, which go far beyond the previously known cases," says Richard.

The study "the Blockchain in the integrated energy revolution" can be found here.

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