Blockchain to drive global microgrid boom

Blockchain to drive global microgrid boom

Blockchain will play a pivotal role in helping the value of the global microgrid market hit $30bn by 2022, according to a power analyst. “As the global microgrid market liberalises and renewable energy grows, blockchain offers an effective way to handle the increasingly complex and decentralised transactions between users, large and small-scale producers, retailers, traders and utilities, said Amit Sharma of research firm GlobalData.