According to a study conducted by Premium Market Insights (PMI), investments in energy market block projects will reach $34.7 billion by 2025.
The report stresses that back in 2016, investments in the blockchain in this area amounted to only $ 156.5 million. Thus, the average annual growth of investments in the blockchain will be 82%.
At the same time, although the figure of $35 billion looks significant, it is only 2% of the total market volume. The main players are expected to be Accenture, AWS, Bigchaindb, Deloitte, IBM, Infosys, Microsoft, Nodalblock, Oracle, SAP, Enosi and Electron.
According to PMI, the energy blockchains will be used for data management, tracking financial transactions and communication between companies. Many market players will be able to reduce costs through distributed registry and automation technology.
However, researchers stressed that the growth rate of blockchain investment may slow down already this year. The coronavirus epidemic and declining oil prices are contributing to this.
It was recently reported that BlockApps and Optimum will develop a blockage system to track electricity consumption, and Shell will launch a "virtual power plant" using the EWF blockage.
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