Even governments are waking up to the fact that the quality and security of energy data can improve dramatically through blockchain.
More and more industries are discovering the advantages of the secure, immutable and trustless properties of the distributed ledger that is blockchain. And so are governments. On April 5th, the Chilean government announced that it will use ethereum’s blockchain as a way to record energy sector statistics.
The same week the China State Grid Corporation, the country’s state-owned electricity utility monopoly, announced it is looking to blockchain technology to advance its plans for an “Internet of Energy.”
The energy giant is exploring a blockchain powered solution that it claims can store and track information on, for example, consumers power consumption, and share the data in a decentralized manner.
Blockchain technology is transforming traditional industries, like the energy sector, and it may be happening faster than the general public realizes. The Bluenote Protocol will utilize this technology to not only provide more trustworthy and secure energy data to its users, it will also enable everyone to use this data to develop better energy solutions. Effectively unlocking trillions in global real estate value and tackling the largest source of pollution in the world.
