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Tag Archives: Energy

Iberdrola Uses Blockchain Technology in Renewable Energy Sector

Jan 19, 2019 at 13:23 // News Iberdrola – the Spanish public multinational electric utility major, has accomplished a project which will largely chip into speeding up the decarbonisation process by using blockchain to ensure that the energy supplied to the user is 100 percent renewable. The first test to …

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Energy Firm Repsol Sees Blockchain as Transformative Technology

Repsol is the latest Spanish company to test blockchain as a way to cut down on waste and improve operational efficiency. The company reported that a recent test of a blockchain pilot which was designed to improve the quality of safety certification of its products was successful, and could lead …

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Blockchain Might Be The Solution To The Energy Crisis – BlockPublisher

Bitcoin made the spotlight when it was first introduced as the solution after the financial crisis prevailed in 2008. At first many were in awe of the technological innovation, but as time passed, the drawbacks of the cryptocurrencies became apparent to the whole world. In addition to having a highly …

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Iberdrola Uses Blockchain to Authenticate Clean Energy for Corporate Customers

The Spanish utility Iberdrola this month said it had used ablockchainplatform to certify delivery of green energy to one of its corporate customers. The company used a platform developed by Energy Web Foundation (EWF) to provide real-time Guarantees of Origin for renewable energy delivered to Kutxabank, a bank based in …

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How blockchain can change energy markets forever

But for all the change, we still have a system where, increasingly, consumers are frustrated about paying so much for electricity and not getting a fair return on their solar investments. A system where strong winds can black out 20,000 homes. Where renewable infrastructure investment is limited to sophisticated investors …

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Oil behemoths join Shell and friends on energy trading blockchain

The centuries-old, paper-based trading process of the oil and gas industry was overhauled last year, courtesy of the blockchain and an industry consortium originally including Shell, BP, ABN Amro, ING, and Societe Generale. The industry platform, called VAKT, announced yesterday that a host of new petrochemical and oil giants – …

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More Oil Giants to Join Blockchain-Based Platform Vakt for Energy Commodity Trading

Chevron, one of largest American multinational energy corporations, and two other major energy companies have joined Vakt, a United Kingdom-based blockchain platform for energy commodity trading. Reuters reported on the development on Jan. 16. Along with Chevron, Total, a leading French multinational integrated oil and gas company, and major Indian …

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Technologies That Will Revolutionise Energy

Long-term sustainability requires more than the incorporation of renewable technologyKenueone Societal pressure and emissions policies are speeding up innovation in the world of energy. At the same time, increasing competition is pushing companies to become more efficient. A range of businesses from the likes of Google and Facebook to Nestle are now …

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Blockchain Tech Could Help Energy Firm Repsol Save 400,000 Euro per Year – BlockPublisher

The world has witnessed several blockchain projects being implemented for different purposes across the industrial board in the last couple of years. Thus cementing the belief that the new technology really does have something revolutionary to offer to each industry or business, rather than just being an overhyped trend. The …

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Blockchain to shape new trends in energy trading

Featured image: Stock The recent trends in the energy industry such as the rise in prosumerism and increasing deployment of smart meters have resulted in better data analytics, storage and communication solutions to the energy industry, according to a new report by Frost & Sullivan. The ‘Distributed Energy: Impact of …

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