From Crypto Winter to Pandemic Summer: Blockchain Applications for Utilities in an Unconventional World

From Crypto Winter to Pandemic Summer: Blockchain Applications for Utilities in an Unconventional World

This IDC Perspective analyzes the status of blockchain technology in the energy industry, describing opportunities for utilities, the status of prominent use cases in the sector, and examples of collective industry efforts. Utilities need to balance the intrinsic risks of an emerging technology with opportunities to find solutions to long-term industry challenges and digital transformation trends that are being accelerated by the COVID-19 pandemic. Given this, utilities can evaluate blockchain technology to evolve their business models and make them ready for a future digitalized and decentralized world."With potential blockchain-based use cases becoming progressively clear and solutions gradually moving toward commercial deployment maturity, utilities look at blockchain applications with continued interest," said Jean Fran├žois Segalotto, associate research director, IDC Energy Insights "Blockchain could potentially support utilities through the development of solutions fit for an increasingly competitive and complex industry. This report highlights real-world examples of how blockchain can help organizations leverage this emerging technology and be prepared for new business challenges."

Please Note: Extended description available upon request.

Executive Snapshot
Situation Overview
Utilities and Blockchain: Between Continuing Interest and Sharper Focus
Blockchain for Utilities: Where Does the Value Lie?
Unlocking Efficiency and Taking Costs Out
Enabling Additional Revenue Streams
Blockchain-Based Use Cases for Utilities and Where to Find Them
Flexibility Services: Virtual Power Plants, Grid Services, and Demand Response
P2P Energy Exchange
Power Ledger
eMobility Services
Tracking and Certification of Green Energy
Power Ledger
Use Cases Never End
Advancing the Blockchain Space for Utilities Through Collective Action
Advice for the Technology Buyer
Learn More
Related Research

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings