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Navigant Research, a US market research institution, recently released a report that in 2016-2017, millions of dollars of capital flowed into energy-related blockchain projects
.
Moreover, with the continuous growth of technology and the emergence of distributed energy resources, the development opportunity of blockchain applications in the energy field has become an important target
for the industry.
Navigant Research expects total utility electricity spending based on blockchain platforms to reach $3.
7 billion
by 2026.
Johnathon de Villier, research analyst at Navigant Research, said: "Global expectations for blockchain in the energy sector are staggeringly high, with hundreds of millions of dollars already being raised for venture capital and initial investment (ICO).
Although the technology is still immature and unproven, utility spending will grow faster
.
”
Utilities' commitment to future blockchain development depends on external technical factors, including the penetration of smart meters and connected charging infrastructure
for electric vehicles.
According to the report, blockchain adoption will not be interrupted
until IoT devices and communication technologies are integrated into a compatible blockchain network.
Navigant Research, a US market research institution, recently released a report that in 2016-2017, millions of dollars of capital flowed into energy-related blockchain projects
.
Moreover, with the continuous growth of technology and the emergence of distributed energy resources, the development opportunity of blockchain applications in the energy field has become an important target
for the industry.
Navigant Research expects total utility electricity spending based on blockchain platforms to reach $3.
7 billion
by 2026.
Johnathon de Villier, research analyst at Navigant Research, said: "Global expectations for blockchain in the energy sector are staggeringly high, with hundreds of millions of dollars already being raised for venture capital and initial investment (ICO).
Although the technology is still immature and unproven, utility spending will grow faster
.
”
Utilities' commitment to future blockchain development depends on external technical factors, including the penetration of smart meters and connected charging infrastructure
for electric vehicles.
According to the report, blockchain adoption will not be interrupted
until IoT devices and communication technologies are integrated into a compatible blockchain network.
