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Blockchain is a distributed, encrypted ledger that is managed by a large network of computers: each computer can verify transactions, while each user in the network has access to this ledger, with no single point of authority. In this particular scenario, advocates are certain that blockchain could have a significant effect to its advancement. The network of peers would be the electricity consumers and producers, and they are connected through means of the electricity grid. This technology can keep track of renewable energy certificates, thereby solving issues revolving around data management in the electricity sector, without disrupting business. Additionally, it is rumored that blockchain has the potential to cause the transformation of modern energy grids. 