Published on May 23rd, 2017 | by bitcoin0
Technology Advances in Global Fuels by Blockchain
It’s here that blockchain technology is increasingly being seen as a potential, low-cost means for delivering energy transactions across a distributed network without need for a centralized authority.
Not to be overlooked is the enhanced cybersecurity element that blockchain technology offers for an industry that has become increasingly susceptible to cyberattacks.
For starters, the energy grid is fraught with complexity associated with managing the process continuum of materials management, energy generation and delivery.
Global Experimentation Abounds As the intersection between blockchain technology and the energy sector advances, experimental demonstration projects are taking shape throughout the world.
Andre De Castro, founder of the NY-based Blockchain of Things and Catenis Enterprise — which delivers blockchain solutions for simplifying and accelerating secure global peer-to-peer edge device messaging, digital asset control, and recording of immutable data — tells Bitcoin Magazine that blockchain technology is just the beginning foundation for advancing the energy sector.