Market research Future Blockchain in energy industry_PDF | Page 4

Blockchain in energy industry market Research Report- Forecast to 2023
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.
Hence peer-to-peer application is expected to show rapid growth rate. Besides, in the energy sector, the
power and utilities operations is witnessing a number of blockchain based projects as more and more
utili