BLOCKCHAIN’S SECURE AND CONNECTED NETWORK WILL ALLOW THE ENERGY & UTILITY INDUSTRY TO GAIN EFFICIENCY AND CREATE NEW BUSINESS MODELS
Blockchain immutable ledgers enable digital addresses for smart device identity bringing value to both businesses and consumers the Energy & Utilities industry has seen.
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Energy & Utilities Blockchain Use Cases
Decentralized Generation & Distributed Energy
Clean energy, such as Wind and Solar, has been a topic of conversation for the last two decades. We have seen dramatic improvements in Solar technology which reflects in the reduced costs and increase in Solar use. The concept of Decentralized Generation of power offers, both businesses and residential consumers, the ability to harness significant energy savings. Likewise, the power grid becomes more resilient by eliminating today’s dependency on a centralized source of power to continuously feed the grid.
Microgrids & Peer to Peer Energy Trading
The concept of that Blockchain eliminates intermediaries is discussed time and time again. That discussion of Peer to Peer trading in the Energy & Utilities Industry will allow neighborhoods, campuses and businesses to generate and distribute energy to each other. This concept of local power generation and Peer to Peer exchange is referred to as a Microgrid. Using IoT & Smart Devices for data entry to an immutable distributed ledger of purchase and sale transactions (Peer to Peer), enables society other energy options at reduced costs.
Electric Vehicle (EV) Charging
Electric Vehicles sales have been on the rise. One of the major set backs is of course the fact that batteries have limited energy capacity and charging stations are not plentiful. The EV community has made their residences available and in certain locations there are charging stations. Although energy distribution are still relying on a central generation source and the most notable fact is that there is no financial accountability in “borrowing energy”. Peer to Peer trading of energy through blockchain will allow locations the ability to resell energy instead of allowing consumers to charge without reimbursement. This will drive greater adoption of clean energy across the board while enabling the free market to trade energy “driving” prices to market agreed fair pricing.
MODERN CLOUD SOLUTIONS
Public Blockchains We Use
PRIVATE & CONSORTIUM BLOCKCHAINS WE USE
Envision Blockchain Solutions builds applications for the Web3 space. Our mission is to reshape and align today's systems allowing organizations to recognize the new value in tomorrow's Industry Vertical Solutions. The management team has years of Fortune 500 experience and has built a team of subject matter experts in Web3 and Business Transformation Processes. We focus on guiding organizations through 3 major milestones on their Web3 journey: Use Case Analysis, Proof of Concept Development, and Scaled Deployments.
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