According to a recent report titled ‘Global Blockchain Market In The Energy Sector – Growth, Trend and Forecasts (2018-2023) the global blockchain market is expected to register a CAGR 50% during the period of 2018-2025.

The report highlights relevant data with chapters such as ‘Smart Contracts to Witness the Fastest Growth’ stating that smart contracts can enable a companies savings anywhere from 30-60% with the intention of automation across the energy sector makes Smart Contacts extremely attractive to energy companies.  In another section of the report it mentions ‘United Kingdom to Witness Fastest Growth in Europe’ which provides over EUR19 million in projects supporting distributed ledgers including R&D in cross-border payments, smart grids and peer-to-peer energy transactions.

 

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