Blockchain could be the change that will disrupt the entire global energy sector. The global energy sector is reportedly worth over 2 trillion US dollars and is largely monopolized by a handful of companies but as more people understand the freedom that comes with blockchain technology, the demand for better control over our own energy consumption arise.
When applied to the energy sector, blockchain will make renewable energy trading among people possible. Tokenizing renewable energy enables hydro, wind, and solar power producers to connect with investors seamlessly. Blockchain technology will decentralize the energy sector as rates will no longer be defined by the companies that supply energy but by the market as energy tariffs will be a tradable commodity that depends on the demand and supply of the electricity market. The middlemen are removed and the public will be able to enjoy cheaper energy. This will introduce a fundamental shift in the energy distribution. This shift will incentivize more renewable energy initiatives which ultimately propels our transition from carbon-emitting non-renewable energy.
Some of the top cryptocurrency projects currently disrupting the energy market are:
Disclaimer: The purpose of this list is not to pick the ” best ” cryptocurrency. The fundamental purpose of this list is to encourage community engagement and intellectual debate among the supporters of different cryptocurrency projects. We provide a third-party platform that hopefully makes people think. Too many times people are blinded by the community enthusiasm in official social media channels of individual projects and fail to see through the veil. By bringing supporters of different projects together, we hope to unravel the actual value and sentiment of each project via civilized debates. p.s. Nothing in this article should be treated as financial advice.
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