20 Industries Blockchain Technology Will Disrupt

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12. Energy Management

The power grid is a highly centralized industry. People have to buy energy from power companies and those that generate extra energy using solar panels have to sell it into the grid, with the power company retaining a part of the revenue from selling this energy to someone else. However, blockchain with the aid of smart meters could simplify these processes and allow buying and selling energy peer-to-peer. For example, if your neighbour is generating more solar power than is consuming, it could sell the extra energy to you, with the transaction being automatically executed between smart meters.

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