U.S. Blockchain in Energy Market Analysis By Type, Component, End User, Application, Region, Forecast and Opportunities, 2027 | TechSci Research
According to TechSci Research, United States blockchain in energy market is expected to grow at a steady rate during the forecast period. Blockchain, also known as distributed ledger technology (DLT), is a cost effective and efficient technology used to facilitate distributed transactions by removing the central management. Blockchain has the potential to improve efficiencies for utility providers by tracking the chain of custody for grid materials. It also acts as a catalyst for business models and is useful in managing the growing ownership, complexity and data security of the energy sector. Increasing focus towards energy utilities in exploring the benefits of the blockchain technology for low-carbon transition and sustainability are the major factors driving the United States blockchain in energy market. Additionally, the high potential of this technology to bring reliability & efficiency to the value chain of various end user industries such as oil & gas, power, amon...