Blockchain : How Can Utilities Survive In The World Of Blockchain, Renewables And Consumer Choice?
For some businesses, this could be a profitable new revenue opportunity, but to most utilities, it likely feels like a problem that needs to be stopped so that things can go back to the way they were. The increased consumer choice, the exponential growth of renewables and the burgeoning blockchain technology will inevitably take over business and various industries, and the most resilient will thrive. In my opinion, it is time for everyone to evolve and become innovative – it could actually work in your favor. Opinions?
What is the Blockchain?
A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.
Author: Cyberme4u
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