How Blockchain Is Transforming The Energy Industry

How Blockchain Is Transforming The Energy Industry

Commodity and energy trading houses have proven that they can adapt their business model in an economy that imposes more capital requirements and regulations every day. These companies have invested millions of dollars in the last decade to build efficient systems for their regulatory requirements and key risks. Today, a new technology, blockchain, is shaping the commodity market, making it more efficient with reduced transaction costs. Blockchain is a disruptive technology that allows storing data without the need for a central authority, implying that financial transactions will no longer be stored in a central database but distributed to several […]