When it comes to electricity, blockchain could offer a reliable, rapid, and low-cost means to record and validate financial and operational transactions. These transactions could include selling and buying electricity – without an intermediary, in this case the incumbent utility monopoly. In light of the rapid rise of distributed (decentralized) energy resources like batteries and solar panels, some analysts even believe the market for blockchain applications is significantly larger in the energy sector than for financial services.
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Also of interest is an ARENA grant of $120k to AGL to trial blockchain energy trading: