How blockchain can unlock access to global renewable energy: Allowing for additional services
The fifth and final way that Energy Web Foundation member Douglas Miller outlined in his article is how blockchain can revolutionize renewable energy and carbon markets, which will not only provide a positive impact to the environment, but also to the economy.
He writes, “Blockchain technology—combined with thoughtful technical design and broadbase industry and regulatory engagement—offers a remarkable opportunity to upgrade the way renewable energy and carbon markets work. A more transparent and user-friendly solution will help catalyze investments worldwide.”
Allowing for additional services
“Hotel and airline booking platforms enable consumers to, for example, seamlessly add a car rental or excursion to their booking. However, it isn’t easy right now for a collection of households to pool their demand for renewables to help move a renewable energy project forward, renewable purchases to automatically match a buyer’s actual energy consumption, or automatically (and more accurately) account for renewable energy purchases and carbon offsets together. New tools should provide add-on features to capture all opportunities in renewable energy and carbon markets.”
