Blockchain Technology Use Cases In Energy Sector Training Ppt

Slide 1

This slide Illustrates different benefits of using blockchain in the energy sector such as access to affordable energy, reduced utility bills, cost reduction due to more information, low transaction costs, and opportunity for communication among energy devices.

Instructor’s Notes:

The multiple advantages of using blockchain in energy sector are as follows:

Access to Affordable Energy:

• Blockchain enables tracked, verifiable, and secure transactions between two parties. It also eliminates the middleman who provided information and goods
• Blockchain makes individual trade of energy feasible, leading to decentralized and distributed energy sharing systems, which makes energy more affordable

Reduced Utility Bills:

• The use of blockchain technology helps to create an account in the blockchain-based software that records all the data in the system by creating a subscription-based process
• The user pairs the software with an IOT device to receive the services 
• The IoT device sends consumption data to the blockchain-based software. The system stores it in blocks, helping reduce the cost of generating utility bills

Cost Reduction Due to More Information: 

Low Transaction Costs:

New Opportunity for Communication among Energy Devices:

Slide 2

This slide Illustrates the use of blockchain for affordable energy in power sector. It explains that the use of blockchain helps to access affordable energy source by empowering the individuals to trade energy independently.

Slide 3

This slide Illustrates the use of blockchain for reducing utility bills in energy sector. It explains that blockchain system helps in creating an account for measuring the utility bills by eliminating the third party from the system thus helping in reducing the utility bills.

Slide 4

This slide Illustrates the use of blockchain for the cost reduction in the energy sector. It explains that limiting the involvement of intermediaries and lowering the transaction cost helps reduce the cost for the entire sector.

Slide 5

This slide Illustrates the use of blockchain for low transaction costs in the energy sector. It explains that blockchain helps by removing the central authority and making the system decentralized.

Slide 6

This slide Illustrates the use of blockchain for communicating with energy devices in the energy sector. It explains that blockchain based system helps to provide opportunity for communicating with different energy devices such as heater, electric vehicles, batteries etc.