Around 2016 the energy world was abuzz with the possibilities that blockchain could bring to the energy sector. The promise of safe, secure, traceable transactions that didn’t require a middle man to enable them… Peer-to-peer trading seemed within every man’s grasp and we were months away from a new energy dynamic.
And then blockchain seemed to fade into the background, to be replaced by a new buzzword and the promise of a new Holy Grail. Has blockchain had its moment in the sun, or is there still a bit of life left in the buzz from a few years ago? It depends on who you ask, but we decided to explore the landscape and give some perspectives for consideration.
A recent Bloomberg article reported that at the Invest: NYC conference: “Blockchain, the underlying technology that powers cryptocurrencies including Bitcoin, is getting its last rites read.” According to Meltem Demirors, chief investment offi cer of CoinShares Group: “Blockchain is dead. After two, three years of spending a lot of money on this and a lot of investment dollars going into this, I think the bigger question as an investor is: what’s the scalable revenue model and is there equity value that’s created in these businesses? And arguably the answer is: not yet.” “Most of the companies that […]
Image credit: Monsit Jangariyawong ©123RF.com