How blockchain can open up energy markets: EU DLT expert explains

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While Web3 continues to be a hot topic, Industry 4.0 shouldn't be ignored. One early leap forward could be distributed ledger technology, which utilizes blockchain to influence and even disrupt the energy sector.

of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to the energy sector, blockchain lies at the heart of these technologies.

Cointelegraph spoke to one of the report’s co-authors, commercial director of Europe, the Middle East and Africa region at Energy Web and a member of EU Blockchain Observatory and Forum, Ioannis Vlachos. Considering a more direct market design where flexible assets, irrespectively of their capacity, can directly bid into an energy market will minimize their marginal costs and will promote and foster the participation of small-scale distributed energy resources in energy markets.

 

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The article is meaningless twaddle and self-promotion. Ioannis Vlachos is asked why blockchain/DLT tech has not been adopted by anyone in the energy sector. He then takes more than a hundred words to say why it COULD be adopted, never getting around to admitting why it HASN'T.

energywebx has their hands in so many projects!

Froginutoken *🐸X99🐸X999🐸*

The relation between web 3 and the industry should not be overlooked, and a few tokens like Polygon have formed this bond well. Making the token fully carbon negative, and still within the bounds of web 3

POWERDAO

Blockchain has show-stopping inhibitors notably the transaction frequency needs to be milliseconds and support micropayments whilst the application footprint (CPU+Storage) needs to be V.light🙄 holochain offers an answer as per IOEN_tech and to other Industry4 challenges👍

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