Blockchain in Energy Market to Reach $3 Billion by 2025

Enhanced government emphasis toward improving energy efficiency, privacy,
interoperability and cybersecurity coupled with the increasing regulatory focus to implement and improve the current process will propel the Europe blockchain in the energy market. It is set to grow by over 45% in the private category by 2025. Capability to provide simple governance structures, lower-cost operations, and faster transactions are some of the prominent features stimulating technology growth. Increasing trend to build smart contract
applications coupled with the accessibility to select the participants will enhance the business outlook.

The high potential of the technology to bring reliability and efficiency to the value chain of various industries including the power sector will boost the blockchain in energy market size. The growing integration of renewable energy sources with the grid on account of achieving government renewable targets will augment the business growth. Massive convenience provided by the technology in electricity trading coupled with burgeoning investments toward the blockchain technology pilot projects globally will instigate a favorable industry scenario.

Blockchain in the energy market is set to witness substantial growth on account of fewer cost intermediaries, limited overhead cost and reduced cash cycle times. Blockchain is in need of a consistent energy source. For this reason, Karvuon has positioned Mongolia as a land-rich country capable of producing abundant energy from its resources. We plan to start with the traditional energy source in order to construct and operate an industrial park in central Mongolia. Karvuon is launching an initial exchange offering to attract investments for initial platform development, with the distribution of Karvuon utility tokens that represent tokenized energy produced by Karvuon facilities.

TWITTER: We plan to construct and operate an #industrial park in central #Mongolia. Karvuon is launching an initial #exchange offering to attract #investments for initial platform #development, with the distribution of #Karvuon utility #tokens that represent #tokenized #energy.