Market Overview

Blockchain Market in the Global Energy Sector - Forecast to 2023: CAGR to Grow at 50% - Smart Contracts to Witness the Fastest Growth - ResearchAndMarkets.com

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The "Global
Blockchain Market In The Energy Sector - Growth, Trend and Forecasts
(2018 - 2023)"
report has been added to ResearchAndMarkets.com's
offering.

Blockchain Market in the Energy Sector Market is expected to register a
CAGR of over 50%, during the forecast period 2018-2023.

The global energy market is estimated to be USD 8.9 trillion and is
largely monopolized. By incorporating blockchain technology, the
industry can move from its present centralized architecture to a more
decentralized peer-to-peer energy trading market, thus allowing
consumers to trade energy within a peer-to-peer market. Further, this
also allows more transparency and security across the enterprise as well.

There are a number of blockchain-based enterprises that are already
working on tailored energy solutions. For instance, Electron, which is a
UK startup and Power Ledger an Australian blockchain-based energy
company are some of the firms that are working to implement the
peer-to-peer energy trading market. Also, Blox Labs Inc., in partnership
with Sonoro Energy Ltd., has commenced development of PetroBLOX, a
blockchain-based smart contract supply chain management platform for the
global oil and gas industry.

All these factors coupled with the growing investments by venture
capitalists, investments in microgrids, greater acceptance of
cryptocurrency, collaborations between blockchain companies and energy
corporations have been instrumental in driving the global blockchain
market in the energy sector. However, the lack of regulations and the
presence of open source platforms is hindering the growth of this market.

Key Highlights

  • Smart Contracts to Witness the Fastest Growth
  • United Kingdom to Witness Fastest Growth in Europe

Developments in the Market

  • May 2018 - Amazon announced its partnership with Kaleido, a start-up
    company aimed at offering blockchain-as-a-service (BaaS) to its AWS
    business customers. This partnership is aimed at strengthening the
    company's position in the blockchain technology market.

Companies Featured

  • Amazon Web Services Inc.
  • IBM Corporation
  • Microsoft Corporation
  • SAP SE
  • Ripple Labs Inc.
  • Capgemini SE
  • Chain Inc.
  • Earthport Plc
  • Bitfury USA Inc.
  • BTL Group
  • Alphapoint Corporation

Key Topics Covered

1. Introduction

2. Blockchain Market in the Energy Sector Research Approach and
Methodology

3. Executive Summary

4. Blockchain Market in the Energy Sector Dynamics

5. Notable Blockchain Associations and Their Role in the Blockchain
Environment

6. Case Studies of the Energy Blockchain

7. List of Licensed Cryptocurrencies Country-Wise

8. Global Blockchain Market in Energy Sector - Segmented by Application

9. Global Blockchain Market in Energy Sector - Segmented by Geography

10. Competitive Landscape - Key Vendor Profiles

11. Emerging Players and Start-Ups

12. Blockchain Market in the Energy Sector Investment Analysis

13. Future Outlook

For more information about this report visit https://www.researchandmarkets.com/research/sv75zs/blockchain_market?w=4

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