“Jumping on the Blockchain Train”

Blockchain data processing technology is constantly seeping into the business practices of “virtually every publicly-listed company” in Germany as it makes transactions more efficient and secure, Stefan Hajek writes in Handelsblatt Global Edition. The technology that started out in the financial sector and which uses large numbers of private computers to record information on single transactions has also gained popularity in Germany’s energy sector, in which more than a third of renewable power production comes from private small-scale producers, Hajek says. A technology that “eliminates the need for a middleman” and adds transparency to transactions of money and power may therefore improve the management of the increasingly complex German energy system, he argues.

Read the article in English here (behind paywall).

See the CLEW factsheet Blockchain – the next revolution in the energy sector for more information.