Blockchain in Energy Market to Grow at a CAGR of 78.32% from 2018 to 2023
The global blockchain
in energy market is expected to reach USD 7,110.1 Million by 2023 from an
estimated USD 394.3 Million in 2018, at a CAGR of 78.32% from 2018 to 2023. The
blockchain in energy market growth can be attributed to the Increasing popularity
of the blockchain technology in the energy sector, the need to manage
infrastructure and other business functions through high transaction speeds...
Blockchain in Energy Market Growing at a CAGR of 78.32% from 2018 to 2023
Blockchain is revolutionizing almost every other industry. It is basically a database of transactions which is distributed among multiple computers. It is now gradually moving beyond financial services and cryptocurrencies, and is being touted as the next big thing in the energy sector. The blockchain applications are expected to decentralize the energy industry, reduce peer-to-peer transaction costs,...