[2017-06-01] Energy Sector Welcomes Blockchain Worldwide

[Vladdirescu87]

Numerous energy-trading companies are looking into adopting blockchain technology for conducting transactions. What they want is to create a peer-to-peer network allowing them to deliver energy to customers quickly and efficiently, without a difficult process involving third parties.

Blockchain-based solutions are able to significantly disrupt the energy-trading sector, offering seamless interaction between market participants, improving transaction speeds, increasing the reliability of data and reducing cost. Coinidol has made a list of companies that offer or are looking into offering blockchain-based and smart contract-based solutions for trading in the energy sector.

You can read the full article and take part in the discussion here: https://coinidol.com/energy-sector-welcomes-blockchain-worldwide/

[BitFinnese]

I wonder how they can remove the third party  company with this blockchain technology.  As far as I know it is the third party company that has all the data of the customers and they have all the rights on managing the transaction.  If ever this is to be implemented, this third party company will block them with all the legal rights they have.