Block Chain the New Energy Revolution

Derbali A

Published on: 2019-10-08

Abstract

Blockchain technology is nothing more than a new way of managing data, essentially a decentralized database. There are a lot of block chains today, Bitcoin being the first. While Bitcoin's only block chain application is cryptocurrency, recent developments allow the block chain to be applied in many areas, including energy. In this paper, we asked about the key points of this revolutionary technology, what it means for the energy sector and how it can accelerate the transition to the energy market. We find that through the application of block chain technology is the opportunity to streamline internal processes and processes shared with external market participants. Also, this fundamentally changes the landscape of energy and commodity trading.