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

Published by IDC Product code 953259
Published Content info 10 Pages
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From Crypto Winter to Pandemic Summer: Blockchain Applications for Utilities in an Unconventional World
Published: August 4, 2020 Content info: 10 Pages

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 Francois 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."

Table of Contents
Product Code: EUR146745020

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
      • sonnen
      • Equigy
    • P2P Energy Exchange
      • Power Ledger
    • eMobility Services
    • Tracking and Certification of Green Energy
      • EWF
      • FlexiDAO
      • Power Ledger
    • Use Cases Never End
  • Advancing the Blockchain Space for Utilities Through Collective Action
    • Enerchain
    • EWF
    • TraDER

Advice for the Technology Buyer

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