Energy trading can be transformed by blockchain from "summary" of Blockchain Revolution by Don Tapscott,Alex Tapscott
Blockchain technology has the potential to revolutionize the energy trading market. By utilizing blockchain, energy trading can become more efficient, transparent, and secure. Traditional energy trading systems are often cumbersome and slow, requiring multiple intermediaries to facilitate transactions. With blockchain, these intermediaries can be eliminated, allowing for peer-to-peer transactions to occur directly between buyers and sellers. One of the key benefits of blockchain technology in energy trading is its ability to create smart contracts. These self-executing contracts automatically enforce the terms of an agreement, eliminating the need for intermediaries or third ...
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