An energy revolution is on the horizon, in which both utilities and consumers will produce and sell electricity. Blockchain technology is already being tested in a number of different places. For example in New York State it is being tested as a way of selling solar energy between neighbours and in Germany one power company is running a pilot to see if blockchain technology can authenticate and manage the billing process for autonomous electric-vehicle charging stations.
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The Utilities Sector, made up of electric, gas and water firms, and the energy sector alone accounts for approximately 5% of GDP. The organisations surveyed in the UK Cloud Snapshot Survey were predominantly energy companies. The survey aimed to determine what the current use of the cloud is within this industry and what individuals from this sector view as the greatest challenges to their IT plans over the next few years.
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