Electrical power industry is one of the gifts that technology has given to our society. Due to worldwide restructuring, peer to peer transactions or block chain technology is playing a vital role in industries where electricity producers and consumers deals in peer to peer, connected via the grid and for a time depend on shared sets of data. In present the owners of these systems struggle to maximize their value because the system has been so inefficient. A block chain-based platform allows producers to trade energy peer-to-peer with consumers. By manual process generally takes so many days for an electricity producer to get paid. With a block chain-based system, producers can get paid immediately, so they need less capital to start and run a generating business. In competitive electrical power market, price assessment and allocation is one of the most crucial and extensive subject.
Now a day’s bit coin market cap is about to 240 million dollars but after 10 august, if ETF would approved then market can be rise up to twice or even triple times in the year 2018. Because of faster transactions, Electrical power market business can also rise in a short period. According to statics and experts market may be in bullish behavior and rise up to twice in the end of 2020.
According to Google and international energy outlook world energy consumption by country grouping will be:
If you have any query so feel free to discuss,
Your friend
ABHISHEK SAXENA