Blockchain technology is often portrayed as a climate sinner – yet the key technology can also make an important contribution to the energy transition! This is characterised by the secure and permanent recording of permanently retrievable data. Thanks to its ability to record data invariably, the blockchain has enormous potential for environmental protection.
For example, the car manufacturer Daimler has launched a pilot project that records environmentally friendly driving behaviour on a blockchain and rewards it with cryptocurrency. Among other things, energy certificates can also be stored on the blockchain, with which consumers can track their electricity sources at any time. A decentralised peer-to-peer energy market in which private electricity producers could pass on green electricity directly to consumers without having to go through energy companies would thus be conceivable.
We are looking forward to the future and look forward to bringing you closer to the potential of blockchain in further blog posts.