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Innovations, developments, achievements and constant upgrading are a part of the day to day life of people today. One such technological development is Blockchain. Blockchain technology is the potential candidate in the run that can transform the energy sector for good.
Consistently catalyzed by innovations, the energy industry is witnessing Blockchain technology presenting itself to spur growth through its smart contracts and systems interoperability.Out of many cases for Blockchain, energy and sustainability are often less talked about.
However, there is significant growth in the innovations that are being made for energy markets such as real-time data management, moving carbon credits or renewable energy certificates onto the block chain along with successful business models.
One of its biggest achievements is when Blockchain offers unique solutions for renewable energy distribution. The complex systems with multiple reactors have the opportunity to benefit the most from Blockchain technology.
For example, big conglomerates of oil and gas seek to invest in Blockchain technology as they realise and understand the full potential of its implementation and the benefits it brings along. One of the biggest characteristics it has is that it can be of extreme help at lowering the costs and reducing any type of harmful environmental impacts.
Discussing in-depth about the strengths of Blockchain Technology the whole pool of experts are flying from the world to London, United Kingdom 21st and 22nd November for #GOF2019, Grids of The Future Summit. Don't miss your chance and book your place now.
Energy and Power are one of the most crucial reasons for environmental destruction and now we are entering a phase where renewable power will be and should be accessible to all households, without the existence of big utility monopolies. New technological innovations like blockchain are more powerful and reliable, and will not only help in making these energy transactions, cost and time efficient but will also make them completely transparent. Individuals will be able to carry out these trades with their own devices using renewable currencies. Energy supply will not be limited to traditional methods of distribution.
Industry professionals can use new technologies to replace already existing supply systems to a new market which is both decentralized and transparent. This would substantially reduce onboarding friction by creating a direct line-of-sight from buyers to Utilities or Prosumer suppliers. It would also eliminate market inefficiencies arising due to onboarding friction. DERs will evict any existing monopolies but offering a choice of energy supply to the consumers. New developed technologies will provide better informed procurement decisions which will cause reduction in the stress on energy infrastructure.
As we race to capture & create new value, optimize business ecosystems, & reduce risk, our systems need to become more adaptive & resilient. They must adapt & learn to manage complexity introduced by broader computing & partnering ecosystems, including new interactions driven by the IoT & AI. By infusing business networks with new technologies, diverse systems can interact seamlessly. Processes can transcend individual organizations, eliminating issues created by inefficiencies or lack of trust & transparency. All improvements can streamline the exchange of value along our ecosystem.
“Every kilowatt you buy, you pay for network. If you can cut out the middle man and do the trade directly, you don’t have to pay for the wires,” - Philipp Grunewald, University of Oxford.
Innovative keynotes delivered by the industry's true heavyweights, covering practical challenges and subjects which are exclusively entailed in our agenda. Gain subject matter expertise, network, and collaborate to explore solutions that shed light on future business models impacting revenue inflows.
Futurista Start-up Elevate is a dedicated platform for Startups and VCs. We offer industry-specific startups a showcasing opportunity, enabling them to connect with corresponding VCs and Mentors. A win-win dynamic is created to attain the desired exposure for startups who are looking forward to scaling up their businesses.
A smart application will help you connect with key decision makers, share files, brainstorm ideas, and have a seamless networking experience. A comprehensive module covering the entire event, compiled for training purposes, to be made available post-conference, exclusively for the attendees.
Collaboration
Data Standardization
Decentralized
Energy transaction
Regulatory reporting & compliance
removal of intermediaries
Electricity Generators
Streamline regulatory reporting
Sustainability
Frictionless transactions
Green energy
New business models
Peer to Peer Lending
Circular Economy
Energy Storage
Prosumer
smart contracts
Smart metering
Futurista Startup Elevate is a platform that transforms big-ideas into reality! The FOPM 2019 will fuel start-ups to take themselves to the top by providing access to VC's, Mentors, and Potential Clientele from the corresponding industries. The perks include Product Showcasing, Speaking Slots, and Campaigns running among our thoroughly researched pack of delegates.
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