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Blockchain in Utilities - Thematic Research

Blockchain in Utilities - Thematic Research

Summary

Blockchain and its associated technologies, burst into the public consciousness in 2015 after a relatively slow build-up spanning several years. In the course of 2016 and 2017 blockchain reached “peak snake-oil” with increasingly outlandish claims made about its capabilities and benefits. In the coming two years, followers of blockchain are set to either have their hopes disappointed or their scepticism confirmed.

Blockchain technology, often referred to as “distributed ledger technology” (or DLT) is a means by which the participants in a distributed network can each maintain a copy of an immutable ledger of transactions, and where transactions can be executed without the need for a single, central, coordinating authority.

Utilities are becoming more decentralized, as a result of a growing reliance on distributed generation, storage, and flexibility services by customers and other industry participants. The growth in electric vehicles is also posing a challenge to the centralized model of utilities, as is the rise of small local and municipal energy systems and microgrids. Increasingly, utilities are seeing the potential of blockchain to allow coordination between these many players with conflicting interests, and facilitate the exchange of information and value between them through mechanisms like smart contracts.


Scope

The report elaborates on the impact of blockchain on utilities.
-It analyses the cost and complexity of implementing blockchain solutions.
-It identifies the current leaders in blockchain technology, and companies which look vulnerable.

Reasons To Buy

The report highlights some of the key players in the blockchain industry.
-It discusses some of the key trends in blockchain technology, also referred to in the report as “distributed ledger technology” (or DLT).
-The report also analyses the blockchain value chain by use case.
-It offers an industry analysis, including DLT and the concept of “trust”, the prospects of commercial blockchains, the fundamental technical challenges, and their primary use cases.
-The report also discusses the impact of blockchain on utilities and offers a technology briefing as to how the technology works and how it has developed over the last decade.