Blockchain, whose popularity has grown in lockstep with developments in the cryptocurrency market (Bitcoin, Ethereum, et. al.), is poised to expand into new territories. The energy industry, which is decentralizing gradually, may well advance blockchain more than the financial system will. Or, it may simply adopt it more extensively, sooner.
According to one view, blockchain may become for the world of transactions and settlements what the internet has become for global communication. However, an even stronger case can be made for its potential to transform the energy industry. A dozen-plus years ago, new software enabled