New technologies are driving the energy market around the world, particularly in Latin America, helping it to become more modern and efficient. Together with tools such as Big Data and Artificial Intelligence, the application of blockchain in the electricity sector offers numerous possibilities to decentralize energy trading and promote the development of new solutions, since it has proven to be a tool with great operational efficiency, capable of to manage data in real time.
For people who are not very related to this topic, DeFi in a nutshell is financial services that work on the blockchain, what can we do with that? Well, customers carry out the same activities that are normally carried out in a bank, but with the big difference, it is a decentralized system (it is not managed by any political entity or bank), faster and safer, with the aim of sending from one place to another.
Knowing this, I believe that thanks to this project, this technological advance would apply clarity allowing production assets to be quickly assigned to the point of consumption, even establishing priorities in the sources of origin, this technology will be able to speed up energy approval. renewable energy processes, promote the growth of said energy by promoting its use by different companies.
Information extracted from: https://es.cointelegraph.com/news/blockchain-can-help-revolutionize-the-energy-sector-in-latin-america
