Energy is reproduced by blockchain technology?

Reviewing and compile blockchain industry topic, updating market references and research environment.

Today, we are picking up blockchain and energy business updates.

Japanese trading company, Marubeni has announced to back blockchain power trading platform, issuing the loan for project, WePower, and holding stake after converting the loan is yet to be determined.

WePower has reportedly developed a platform which allows small- and medium-sized enterprises to more easily buy power specifically from wind- and solar-based sources via standardized digital power purchase agreements.

According to Bloomberg New Energy Finance (BNEF), predicts revenue for digital services for fossil fuel operation and maintenance, or O&M, are estimated to be $24 billion in 2017 — some 44% of the total market size for digitalization. Home energy management technologies will see the most significant change in digital revenues, rising from $1 billion in 2017 to $11 billion in 2025. The largest driver for digital technology revenues in 2025 will be smart meters, growing 44% between now and 2025, to $26billion.

Chinese blockchain company Vechain has cooperated with ENN Energy Holdings Limited, one of the biggest energy service provider for “optimal quality control and supply chain management” of natural gas.

By squeezing the data from some of Internet things devices, and tracking tank number and other related data on blockchain, such as composition, quality, calorific value, and gasification rate of the natural gas.

VeChainThor blockchain technology can allow cross-validation and verification of all data on each step of the process, and users can grasp all the information by simply scanning QR codes.

Apple co-founder, Steve Wozniak has joined and invested in one of the energy blockchain project, the EFFORCE, that enables investors to back energy efficient projects around the world.

Money saving on energy and friendly environment is the reason for him, decided to make improvements to energy use and reduce consumption without consumers needing to change their habits with blockchain.

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