Energy

Blockchain and Energy?

A survey by the German Energy Agency (DENA) has shown that the vast majority of executives in the German energy industry believe that blockchain technology is "perfect for the challenge of building a sustainable energy system". According to the DENA survey, more than 80% of decision-makers believe that the blockchain is very likely to spread further in the industry (DENA, 2016).

 

Blockchain technology will enable many new business models in the energy sector. Especially in the long run, we see the potential of crowdfunding in the energy sector to provide a completely different way of financing renewable energy. There will be a large number of blockchain-based Fintech innovations that will lead to a significant increase in the democratization of property (and even the democratization of value creation) for future energy systems.