Blockchain applications in energy
Use case 1. P2P energy trading
Marked up by retailers, wholesale energy prices become a hard bargain for consumers, not to mention the time required to obtain requested resources.
Speed up and rationalize the whole trading process by enabling intermediary-free, distributed power grids, from where consumers can purchase energy directly.
Use case 2. Cost-effective maintenance
Companies that run their own commodity trading platforms have to pay through the nose to mitigate continuous maintenance and security issues.
Cut operating expenses with a distributed blockchain commodity trading platform that autonomously maintains its security through encryption and digital IDs.
Use case 3. Decentralized power
With the monopoly on electrical power, consumers have to deal with exorbitant fee amounts defined solely by energy providers. Ultimately, those amounts are based on unknown factors (for consumers).
Distribute power among consumers through a blockchain-based platform enabling fast and robust trading at agreed prices.