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Real Assets

How Technology Is Changing The Market For Energy Commodities

by jdsupra.com posted 1year ago 849 views
<p>An experiment performed by a startup in Brooklyn, New York, in 2016&nbsp;<a href="https://www.fastcompany.com/3058201/this-new-york-project-fuses-energy-microgrids-with-blockchain-technology" target="_blank">could be a harbinger</a>&nbsp;of the future of the energy industry.</p> <p>In the experiment, individuals were able to trade energy generated by solar panels between each other using the same blockchain technology that undergirds the bitcoin cryptocurrency. Though it was just a small test, the Brooklyn experiment showed blockchain technology is poised to become a major factor in the energy sector by shaking up the way commodities are traded.</p>