When companies start to explore blockchain, there is a large focus on getting use cases. For some it seems the more use cases that can be found, the better. I remember a report claiming to have found 200 use cases for blockchain within the energy industry, which caussed quite a stir. Looking into the details of these 200, a lot of them could be grouped together as a number of P2P cases. In all fairness, at an abstract level, only about 4-6 remain. Doing P2P for electricity or for some other product, is very 'same-same, but different'.
A recent post by Jesse Morris from EWF on North American Clean Energy has highlighted three fields where to apply blockchain in energy cases.
Over the next several years, we believe blockchain technology can unlock value through:
- transitioning analog or basic digital services to blockchain-based platforms to streamline accounting
- offering new services and products on top of deployed blockchain-based platforms
- enabling market participants to experiment with entirely new market models
I think this is an excellent observation and can even be applied in general across different industries.
