Leading experts from around the world will attend BConferenceAstana to share their experience in implementation of the best blockchain solutions on Energy and FinTech. The event will be devoted to the following topics: blockchain technology capabilities for the financial environment: solutions for banks, payment systems, money transfers, exchange operations, etc; energy trading and renewable energy; smart grids; data tracking and analysis using the blockchain.
What are the most valuable impacts of the Blockchain on FinTech & Energy sectors?
Energy Trading & Banks of the Future
Developing a peer-to-peer renewable energy trading platform using the Blockchain will enable consumers to buy, sell or exchange excess renewable electricity directly with each other. Using tokens as tradable digital assets will allow using them as a specific currency of energy production. They can be sold to others via the Blockchain to prevent double spending and ensure valid transactions.
Renewables and solar energy
The Blockchain can solve some strong renewable energy challenges. It opens the door for peer-to-peer trading of “home-grown” electricity, such as the power generated by rooftop solar arrays. It can considerably reduce the need to transmit electricity over long distances, which can result in losses along the way. Moreover, it relieves from the necessity for energy storage, since such trading can move electricity locally from where it is produced in excess.
Data tracking and analysis
The Blockchain may revolutionize an ability to track and monitor products from their origin through supply chains, driving increased transparency account ability around sustainable manufacturing and consumption. AI, Blockchain and IoT together offer an ability to create a digital registry of biological and biomimetic knowledge assets in eco systems enabling natural assets to be valued, innovative biodiversity based value products and value chains to be developed.
Smart Grid Management
Smart grids are the future of energy and they offer tremendous advantages over traditional energy grids. Furthermore, smart grids are actually necessary in case the electric car revolution continues (and it will continue for sure). Smart grids will regulate energy demand to ensure the grid remains online. Smart grids will consist of billions of endpoints such as solar systems, micro grids, smart appliances, houses, etc., which are constantly interacting with each other. And using Blockchain Smart Grid management will always deliver energy to the destination.