Blockchain Applications in the Energy Sector

A New Data Paradigm Enabling Decentralized Generation

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Blockchains are a new infrastructure layer for data and digital services, which can be deployed between servers, on mobile devices, or with the Internet of Things. Blockchain technology can provide some powerful new capabilities to existing systems or can replace legacy ones. The energy sector has seen significant changes over the past few decades across generation, distribution, storage, and consumption. Blockchains can provide technology solutions to these challenges: data coordination between a myriad devices; a low-friction, automated trading platform; and open access for innovative products and services.

Table of Contents

Executive SummaryKey FindingsFoundations—BlockchainWhat are Blockchains?How Blockchains Work (Simplified)Cryptocurrencies are a New Model for Digitally-native Assets and CurrencySmart Contracts Enable Advanced Blockchain ApplicationsKey Blockchain Benefits for BusinessBlockchains Reimagine Digital ServicesBitcoin and Blockchain Funding Reaches $1 BillionBlockchain Applications in the Energy SectorBlockchains Address Key Challenges in the Energy SectorUse Case 1—Energy Trade NetworksUse Case 2—Digital Renewable Energy CreditsUse Case 3—IoT Data InfrastructureBlockchain Technology ProvidersBitcoinEthereumConsensysBlockchain Project ProfilesLO3 EnergyGridSolarCoin and ElectriCChainFilamentKey TakeawaysEnergy Sector Strategies for Blockchain TechnologyLegal DisclaimerThe Frost & Sullivan StoryThe Frost & Sullivan StoryValue Proposition: Future of Your Company & CareerGlobal PerspectiveIndustry Convergence360º Research PerspectiveImplementation ExcellenceOur Blue Ocean Strategy

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