67% growth anticipated in global energy blockchain applications through 2028

Published onNovember 1, 2019

Energy blockchain applications are expected to generate $19 billion in revenue over the next decade, a 66.9% annual growth from 2018 level. The market is expected to generate $7.7 billion in revenue in 2028 alone. The increase in spending on energy blockchain applications is owing to an increase in the use of the technology in asset financing, proof of origin for power generation, electric vehicle charging and grid integration and transactive energy. Johnathon de Villier, a research analyst at Navigant Research, said: “As the grid system becomes increasingly digital, distributed, and decentralised, new information technologies are needed to support interactions and transactions between grid participants.

Source: https://www.smart-energy.com/resources/reports-and-white-papers/67-growth-anticipated-in-global-energy-blockchain-applications-through-2028/