“The future of our energy system is distributed. Made up of billions of endpoints interacting with each other — microgrids, renewable energy, smart buildings, appliances, sensors and energy management software. It is essential to create a secure system that can verify autonomous transactions in real-time across these nodes as market conditions change,” we said in an article entitled ‘Blockchain and the Energy System of the Future’. “The energy system of the future demands the ability to trace, track and record interactions reliably, in real-time. Blockchain technologies allow exchanges to occur immediately, transparently and reliably without centralized authorization, and are immune to alteration by fraud. The energy system of the future is emerging now, and the addition of blockchain technologies cannot come soon enough,” we continued. Today, almost exactly one year on from that article, we can talk about a groundbreaking blockchain energy project taking shape. Elering AS, an independent electricity and gas system operator in […]