In this article published in Foresight Climate and Energy, Anthony Boden discussed the challenges of identifying the potential and value over and above currently deployed technologies. There has been a lot of hype in the industry given the energy sector’s drive towards digitization and blockchain has the potential to offer solutions to topics as wide as smart cities and decentralized and distributed power to carbon markets. While several cases have been developed to pilot stage, the promise of blockchain has not yet hit mainstream. Scalability, speed, and regulatory buy-in are limitations to mass-market adoption, however there is still scope for a resurgence in the topic.
In recent conversations with regulators, technology firms, and energy companies, it is increasingly clear that blockchain still offers potential solutions to some of the big questions in the energy transition and increasing understanding and capabilities are being built.