5. Is blockchain the answer to some of the challenges
energy providers face with traditional databases?
Distributed
energy resources
Settlements
and payments
Grid operations
and load management
Disintermediation
Lower external transactions
costs with banks, clearing
houses, and legal entities.
Accelerate settlement process
with meter-based collections
and decentralized billing.
Facilitate self-managing devices
and appliances.
Multiple contributors
Manage peer-to-peer energy
marketplace using grid as a
service model; facilitate micro-
transactions.
Develop new value-add offerings
for customers.
Reduce manual switching costs to
distributed energy resources.
Facilitate cross border
transactions between international
parties.
Robust redundancy
Ultra resilient system monitoring
for grid and infrastructure;
expedite outage resolution time.
Divert grid congestion to
alternative infrastructure to
balance loads automatically.
Share data between parties
securely across organizations and
international boundaries.
Open yet secure
Transparency across
transactions; reduce risk from
fraud, identity theft and service
tampering.
Enterprise-wide view of all
operations, removes
inefficiencies from siloed
transactions.
Manage collections/debt with
pre-payment metering
Yes it could, and in a secure and disruptive way.