MenuBlockchain is moving beyond cryptocurrencies. By 2026, the market for blockchain in the energy sector is set to exceed $1.5 billion—a massive leap from just $127.5 million in 2018. Energy companies see immense potential in this technology, including how it can transform everything from grid management to green energy trading.
Blockchain is a digital technology that records transactions between parties and securely stores that information across a decentralized system. Multiple participants verify and record the information so it cannot be altered or tampered with. Although blockchain is best known as the key system behind cryptocurrencies like Bitcoin, it can be used for any secure transaction, and its applications in the energy sector are rapidly expanding.
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