Exploring Blockchain Use Cases In Renewable Energy

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Introduction

Blockchain usecase in renewable energy is much indeed, it has found a great deal of usecase in this sector and could help improve things in renewable energy making blockchain worth exploring for ways to improve renewal energy.

There are some promising futures that comes with blockchain, that it could potentially offer the renewable energy sector and I will talk on some of these in my post today, so let's delve right in it and see some examples of these usecases.

• Peer-to-Peer Energy Trading :

Well blockchain offers a potential for peer-to-peer energy trading in that blockchain which is decentralized could offer that same feature in the renewable energy sector by ensuring that users or people who have access to energy source which ranges from host of things and it could even be solar panels, I mean there are those who boost quiet alot of energy sources more than enough for them and are looking to part with them for the right prices, in this area blockchain comes in.

How so? Well blockchain offers a wonderful platform for this people to do so, a wonderful energy market one which is completely decentralized running on blockchain technology so to speak and this enables this people with surplus energy sources to be able to interact directly with users who are in need of it and do business with them directly, no middle man is required in the trading of this energy sources, in this area blockchain comes in real handy.

So decentralized market place for trading of surplus energy sources from those who have to those who needs it directly is one way blockchain has found great use in renewable energy.

• Grid Management And Energy Distribution :

Another valuable usecase of blockchain on renewable energy is that it helps ensure that grid are managed accordingly. How does blockchain achieve this feat?

Well blockchain potentially is able to provide accurate and up to date data on energy production as well as it's consumption and this is especially usually as it helps in energy distribution, it infacts contribute immensely in ensuring in the cause of distributing this energy that there is minimal or nooss and this thus helps to improve the reliability of a grid and ofcourse load balancing is to a greal deal being improved on which is made possible due to the fact blockchain provided real time data.

This in a nutshell helps to ensure grid management and energy distribution highlighting another usecase of blockchain in renewable energy.

• Supply Chain Transparency:

Blockchain potentially offers transparency in how this energy is distributed, I mean we live in a time where this could be a real issue but with blockchains integration there would be transparency in the supply chain of renewable energy as blockchain log the data properly right from where and when the energy is produced to the point of distribution and the good thing here is that this data's are always accurate as blockchain is an immutable technology and information stored on it always remains so, it is unchangeable.

Because blockchain helps to maintain supply chain accuracy in renewable energy distribution this means that most of the green energy produced are easily verified and this helps ensure the authenticity of this energy if they are really safe without any bad impact on the environment and ofcourse this this helps well meaning individuals to develop and have a measure of trust in this energy as they use it and help them make choices themselves based on information privy to them.

So in that sense it's a fact then that supply chain transparency is one major usecase of blockchain in renewable energy.

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• Microgrid Management:

Last but not the least particularly in micorgrid management blockchain could help out in this a great deal in that there are remote areas which for one reason or the other are not connected to the main power grid, how blockchain helps here is that blockchain in other to ensure everyone is connected to a grid comes up often with the creation micro grids, this microgrids helps to serve the purpose of the main power grid and this blockchain does to ensure all are connected to a power grid whether micro or main.

It is worthy noting that creation of this micro grids ensures there is no over dependance on the main power grid and this even helps reduce loads on the main power grid now with less load there comes increased performance and greater efficiency when producing this renewable energy and in it's dissemination to the masses.

So yes amongst other things blockchain use in micro grids creation in a great use to renewable energy.

Conclusion

So may it be clear to us all that when it comes to renewable energy blockchain has great use which includes offering transparency and ensuring efficiency in production and distribution which works out well for both parties as well as ensuring for a decentralized energy trading.