Beyond Finance: Blockchain’s Impact on the Power Sector

December 02, 2016 | State of the Market Report

After making waves across the financial services industry, blockchain is now poised to disrupt several other industries. Developers are porting the technology onto new use cases, and the power sector has emerged as an early leader for blockchain development. However, numerous obstacles remain before blockchain becomes a mainstream technology. In this report, we take a deep look at the potential impact of blockchain in the power industry, focusing on power transactions. Additionally, we examine the key players in the emerging blockchain landscape, the underlying mechanisms that make blockchains work, drivers for new blockchain applications, and challenges that blockchain needs to overcome to reach its full potential.

Coverage Areas

  • Digital Transformation
  • Future Grid
  • Industrial Internet of Things
  • Owning the Energy Transition

Table of Contents

  • Executive Summary
  • Landscape
    The hype around blockchain is starting to give way to value in a handful of use cases; however, blockchain solutions have a ways to go before achieving broad enterprise application.
  • Analysis
    In the power industry, blockchain finds applications in wholesale transactions, peer-to-peer networks, and renewable energy credits, though some are nearer-term than others.
  • Outlook

Lead Analysts

Katrina Westerhof
Director, Research
Isaac Brown

Contributors

Kevin See, Ph.D.
Related companies NEC, Samsung, Hitachi, Wells Fargo and Company, ABN Amro, Fujitsu, Accenture, Deloitte, JP Morgan, IBM, Cisco Systems, BNP Paribas, Intuit, Red Hat, Olea Networks, Filament, PricewaterhouseCoopers, Skuchain, Blockchain of Things, NTT Data, Grid Singularity, LO3 Energy, Slock.it, Volt Markets, BNY Mellon, Chronicled, Blockstream, Gem, Tally Capital, Ethereum, Hyperledger, Blockchain Intelligence Group, Chainalysis, Skry, Counterparty, Zeppelin, Backfeed, Safe Share, Block Apps, Factom, Shocard, KYC-chain, Signicat, Uniquid, Broadridge, VM ware, Hijro, Blockfreight, The Rudimental, Ujo

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

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