Blockchain

Blockchain brings benefits of security, transaction history, and authentication to many industries and applications. For high-value and safety-critical or health-critical goods, it offers assurance of product history throughout the life cycle. For monetary transactions, if offers a hedge against credit risk, and cost savings through potential elimination of intermediary banking services and actors.

In energy, including e-mobility and many other green applications, blockchain offers many possibilities for building new and innovative supply chains. For example:

  • Authenticating that providers of “green energy” are indeed low-carbon
  • Registering non-traditional power producers, such as retail and commercial businesses and private residential customers
  • Facilitating microgrid transactions and payments efficiently and cheaply
  • Preventing hackers from getting the credentials they would need to access grid resources
  • Bookkeeping for electric vehicle battery-to-grid transactions at charging nodes

BSI works with technology providers and users at all levels to determine whether blockchain is the right architecture for them, and how to implement it.

Ask how Boston Strategies International can help you today.