Blockchain is a major innovation of our times and is set to disrupt all the sectors.
I work in the energy industry and have been reading about blockchain’s impact in the space. LO3-Energy is one company which has implemented blockchain to manage microgrids. Some of the things are quite straightforward like LO3’s platform creates a marketplace for energy exchange for the microgrid. What I am unable to figure out is how is the blockchain being implemented? Are there miners or the DTL is maintained by LO3 or some other central entity? How are the miners paid? Is there a need for blockchain in the model?
I would highly appreciate if someone could help me understand the workings.
Thanks in advance for your time,
I don’t really know much about the energy industry but I did come across these articles in other research, they may give you some idea of what people are thinking of in terms of combining the energy industry and blockchain:
Sorry I couldn’t be of more help.
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