Article

Blockchain in Energy and Utilities: Definitions, Use Cases, Standards, and Frameworks

Posted January 7, 2020 | Industry | Technology | Amplify
utility

Claudio Lima explains how blockchain technology can be used to digitize and foster growth in the energy sector. DLT has the potential to optimize energy management processes and to deal with the growing complexity in the decentralized energy system. Lima introduces the IEEE P2418.5 Standard for Blockchain in Energy, which creates an industry framework that will help with interoperability among different blockchain use cases and technologies. A DLT layer complements existing smart grid architectures, improves grid security and efficiency, and reduces the costs of utility operation.

About The Author
Claudio Lima
Cutter Expert Claudio Lima is a global executive and thought leader in advanced blockchain, Internet of Things (IoT), and artificial intelligence (AI) digital transformation technologies, with expertise in energy (utilities, oil & gas), smart city, telecom/IT, and quantum computing technologies. He is cofounder of the Blockchain Engineering Council, chair of the IEEE Blockchain Energy Standards Working Group, and chair of the IEEE Blockchain… Read More
Don’t have a login? Make one! It’s free and gives you access to all Cutter research.