Enterprise Blockchain Use Cases - Energy and Utilities IndustryBlockchain Dashboard - Energy and Utilities
Comprehensive coverage of blockchain action taking place in the energy and
Blockchain Use Cases
Enterprises from the Energy and Utilities Industry are demonstrating strong confidence in the blockchain technology. Currently, these enterprises are testing this technology for more than 10 different use cases, some of which include, commodity trading, energy distribution, electricity trading, sustainable energy financing, and strengthening compliance, among others.
There are more than 90 enterprise blockchain projects underway across the globe. The adoption is well-spread among different categories – oil and natural gas producers, commodity traders, financial institutions, public sector organizations, electrical equipment manufacturers, electricity distribution companies, and solar power companies.
Countries where Blockchain Projects are Underway
The adoption of this technology within the energy and utilities industry is well-spread across various geographic regions. Europe commands the largest share of projects as far as continents are concerned, whereas, United States leads the counties’ race.
These projects are being executed by a mix of large system integrators, specialist blockchain vendors, consulting companies and in-house research teams at insurance companies. There is no clear template for engaging blockchain vendors yet, and different enterprises are using different combinations of Blockchain-as-a-Service (BaaS) providers, customized application developers, distributed application platforms (
Blockchain Technology and Consulting Vendors
Enterprises Involved in Blockchain Projects
More than 100 enterprises, government organizations, and regulators have come forward to test this new technology. Some of the key industry stakeholders involved in these projects include small and large energy utilities, oil and gas producers, energy traders, regulators, industry associations, NGO’s and government agencies.
These enterprise blockchain projects are helmed by senior executives that include a combination of business and technology decision-makers from enterprises as well as technology and consulting solution providers. Some of these executives include CEOs and Deputy CEOs, EVPs, CFOs, CIOs, Chief Digital Officers, Managing Directors, Presidents, and Consulting Partners, among others.
Senior Decision Makers
The urgency for blockchain adoption, within the energy and utilities sector can also be underlined by the fact that nine industry consortia have already been formed by industry participants, which also includes regulators. The formation of consortia will lead to faster and wider implementation of the use cases.
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