Blockchain: A Boost for the Energy Industry
The energy industry has been slow to embrace change and disruptions unleashed by technology although such companies have invested millions of dollars in the last decade to build efficient systems for their regulatory requirements and key risks. Blockchain acts a catalyst for the energy industry—promising to speed things up and radically transform the industry's processes and markets. The
Blockchain technology shows great potential as it can be used to not only execute energy supply transactions, but also to create the basis for clearing processes, metering, billing, application in the documentation of ownership, the state of asset, renewable energy, and white certificates, guarantees of origin and emission allowances. For example, common use case for blockchain within the energy industry is the development of crypto-currencies for monetary payments
The potential cost-saving and process efficiencies are too compelling to ignore. Some energy companies have calculated the savings to the tune of 30 to 60 percent on their structural costs. Blockchain technology will lead as the accelerator of the world energy transition, helping organizations to have a decarbonized and decentralized energy system that will be more resilient and cost-effective.
Brenntag Makes Gains through Automated Loading and EMCS Reporting
By Debra Jensen, CIO, Charlotte Russe
By Phil Jordan, CIO, Telefonica
By Alberto Ruocco, CIO, American Electric Power
By Sven Gerjets, SVP-IT, DIRECTV
By Adrian Mebane, VP-Global Ethics & Compliance, The Hershey...
By Mike Fitton, Wireless Business Unit Director, Altera
By Jim Kaskade, VP and GM, Big Data & Analytics, CSC
By Graham Welch, Director-Cisco Security, Cisco
By Michael Watkins, Senior Product Director, Global Knowledge
By Nelson C. Vincent, EdD, VP for IT and CIO, University of...
By Sharon Gietl, VP-IT & CIO, The Doe Run Company
By Arnold Leap, CIO, 1-800-Flowers.com
By Gary Barlet, CIO, USPS OIG
By Mike Dieter, CTO, Transplace
By Bill Schimikowski, VP, Customer Experience, Fidelity...
By Kevin Kometer, CIO, CME Group
By John Landwehr, Public Sector CTO, Adobe
By Marc Probst, CIO & VP, Intermountain Healthcare
By Charles Koontz, President & CEO, GE Healthcare IT & Chief...
By Jeff Bauserman, VP-Information Systems & Technology,...