Today, there is every reason to believe that soon the technology of the blockchain will be very tightly integrated into our life and we will be surprised at how we managed to live without it before. In a recent article, Bjรถrn Hoagland, Development Director of DNV GL, compared the blockchain to the World Wide Web or iPhone, which provoked the real revolution simply by the fact of its appearance on the market. But how can Blockchain contribute to the energy future?
"Over the past 5 years, in every annual report, presented jointly with our UN partners, we are certainly concerned with the development of these technologies - Bjรถrn Hoagland wrote. - So, this year we turned to a serious problem - the problem of cybercrime. In the modern world, with the ever growing number of people suffering from the Internet addiction, the risk of avalanche online crime development is very high. The UN aims to provide conditions for safe and reliable operation in the context of digital infrastructure as an essential factor of economic growth and development. "
A huge part of the population lives in cities, constantly spending energy. The issue of distributed renewable energy sources integration is becoming more and more relevant. In the future, the power distribution system will consist of billions of power points interacting with each other, which will include both solar energy, smart tools, and all sorts of sensors. It is important to create a reliable system, that can be controlled, but which will provide some sort of autonomous transactions through the main nodes of the system. Here is exactly how Blockchain can be used - it has the potential to create a distributed network management system through "smart contracts" that can inform the system which operations should be performed and at what time, following clearly defined rules for energy flows and working on the balance of demand and supply.
Blockchain can also help to manage networks and storage systems, create a "virtual power station" - a network of energy resources managed through smart grids. Also, blockchain can play an important role in motivating and rewarding participants in virtual power plants.
In TECHNOTEC Int. we are confident that the blockchain will indeed be able to make the energy system of the world more democratic - this technology has a great potential, the main thing is to use the opportunities properly. That is why our specialists pay so much attention to study this technology and other innovative solutions used today in the market.
๏ฟผ๐ http://technotec.org/
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