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Sarah Deasley

Blockchain jolts the energy market

It started with bitcoin, but the use of blockchain technology is quickly broadening beyond cryptocurrencies. Trade financing, pharmaceuticals and music licensing are among the industries already harnessing blockchain. As for the energy sector, one way in which the technology is currently viewed is as a potential platform for managing power markets. For it to play that role, blockchain will need to prove its flexibility and cost-effectiveness.

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