BLOG – Advising you how to save energy and earn ROX2019-07-19T13:50:04+01:00

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Advising you how to save energy and earn ROX

Blockchain impact on energy industry operations

If the experience gained with blockchains in the financial sector are applied to the energy context, blockchain technology appears capable of enabling a decentralised energy supply system. It may be possible to radically simplify today’s multi-tiered system, in which power producers, transmission system operators, distribution system operators and suppliers transact on various levels, by directly linking producers with consumers, provided we manage to adjust the way the networks are controlled so as to reflect the new requirements. • Billing: Blockchains, smart contracts and smart metering can realize automated billing for consumers and distributed generator. Utility companies might benefit from the potential for energy micropayments, pay-as-you-go solutions or payment platforms for prepaid meters. • Sales and marketing: Sales practices may change according to consumers' energy profile, individual preferences and environmental concerns. Blockchains, in combination with artificial intelligence (AI) techniques such as machine learning (ML), can identify consumer energy patterns and therefore [...]

April 2nd, 2020|