Blockchain Applications for the Energy and Utilities Industry

Abstract

Blockchain has evolved from supporting cryptocurrencies to transforming industries like finance, healthcare, and supply chain management. Emerging trends focus on scalability with Layer 2 solutions, sharding, and cross-chain interoperability. Sustainability efforts include transitioning to Proof-of-Stake, carbon-neutral blockchains, and renewable energy. AI integration enables decentralized models, secure data sharing, and AI-driven smart contracts. Governments explore CBDCs, while privacy technologies like Zero-Knowledge Proofs enhance security. Challenges remain in regulation, security risks, and adoption, but ongoing innovations are driving blockchain's widespread acceptance.