Regenerative Energy

Blockchain presents itself as the next emerging technology to spur growth in the energy sector through its smart contracts and systems interoperability.

The reason for this lack of transparency, in most cases, is the analog gap between all the systems within the company as well as across company boundaries.

Of the many use cases for blockchain, energy and sustainability are often less recognized. However, the World Economic Forum, Stanford Woods Institute for the Environment, and PwC released a joint report identifying more than 65 existing and emerging blockchain use-cases for the environment.

Key issues in the utility industry

Low Customer Satisfaction

Increasing Maintenance Costs

Ineffective Asset Management

Coordination in Distributed Power Generation

Poor Cyber Security

Environmental Responsibility

Dynamic Pricing

Inefficient Energy Storing

Fraudulent Billing

Lack of Transparency

Use cases of blockchain in utility

Reduced Maintenance Costs

Better Utility Data Management

Peer to Peer Energy Trading

Automated Inceptive for Renewable Adoption

Reducing Carbon Emissions

Provide Wholesale Utilities

Tokenizing Utilities

Proper Microgrid Maintenance

Power Ledger

Power ledger is building a platform where users can contribute or consumer clean energy resources across the network. Pegged to local currencies and convertible to cash, the platform aims to focus on individuals in high density and urban environments. Unlike centrally managed power systems, these decentralized energy resources are not powered by one central provider, potentially creating a more competitive environment and preventing the potential for complete system shut downs.

powr

Power Ledger