Market research Future Blockchain in Energy Industry Expect CAGR 29%. | Page 4

Blockchain in energy industry Research Report- Forecast to 2023
3 Market Research Analysis
Grid management and peer-to-peer energy trading services are expected to command a major market
share
The global blockchain in energy industry is segmented based on technology type, platform type,
implementation type, end-use industries, and by applications across the different regions of the world.
With the ability to monitor and facilitate decentralized applications, blockchain implementation in
energy industry is expected to create new business models, such as peer-to-peer energy trading
facilities. With this, customers can choose whom they want to share the energy generated by them
and it can be done without any third party or consortiums intervention. This is highly beneficial,
especially in regions and places where there is more distributed energy sources such as solar power
generation and small-scale wind.
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