Blockchain technology and tokenization could revolutionize the energy industry, according to experts at the Unlocking Blockchain Energy Summit. Blockchain can be used to create a transparent, decentralized platform for trading energy, while tokenization can help to reduce the barriers to entry for small investors.
By creating digital tokens that represent ownership of energy assets, smaller investors can gain access to the energy market and participate in energy trading. This can help to democratize the energy market and create a more level playing field for all investors.
Experts at the summit also discussed the potential for blockchain to be used to track the provenance of energy, ensuring that it comes from renewable sources and has a low carbon footprint. This could help to increase transparency and accountability in the energy sector, as well as to incentivize the adoption of renewable energy sources.
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