Page 63 - European Energy Innovation - spring 2018 publication
P. 63
Spring 2018 European Energy Innovation 63
BLOCKCHAIN TECHNOLOGY
a provider of photovoltaic systems of energy. Blockchain, in combination tangle) do you invest?
on the roofs of buildings in Brooklyn with smart grid technologies, has a
to feed its excess electricity back into huge potential to further drive and Of course, Siemens is also exploring
the existing local grid and receive enable new business models and other technologies for secure,
co-operations in the energy market automated transactions. A major
payments from the purchasers. by utilizing market mechanisms to challenge is the adaptation of
optimize not only their individual transaction technologies to the
Q What impact do you see situation but also the grid itself. special requirements of the industrial
espacially on renewable environment. For example, in the
energy sector, Blockchain technology
enery market using blockchain Q Currently bitcoin mining can in principle be applied to the
consumes more energy a year entire energy market, but it requires
technology? appropriate regulatory action to
open up the market and create a
We see more and more small than ireland. Is siemens energy mechanism for energy trading.
producers in the market in particular
with distributed photovoltaic investing in better energy saving
installations, which can serve both as
producer or consumer, depending on blockchain solutions than proof of
their current needs and production
work algorithme. If yes, on what
kind of alternative blockchain
technologies (e.g. prood of stage,
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