Whether blockchain had come along or not, energy markets are undergoing unprecedented change.
Global initiatives are recognising the benefits of renewable energy and distributed energy resources are more widespread than ever before.
But as Power Ledger’s Co-Founder and Executive Chairman Dr Jemma Green writes in Micky, for all the change, we still have a system where consumers are frustrated about paying so much for electricity, strong winds can black out 20,000 homes, renewable infrastructure investment is limited to sophisticated investors and carbon initiatives are restricted by clunky registries.
These problems are asking questions of today’s energy markets. And if we let go of preconceived views on what the solution should look like, blockchain can answer several of them.