Blockchain – Revolutionize Green Energy Management

Abstract

In 2008 Blockchain became known by Whitepaper by Satoshi Nakamoto, author of the article "Bitcoin: A Peer-to-Peer Electronic Cash System." Blockchain technology facilitates peer-to-peer transactions without the intermediary, which is safe and trust. Blockchain is a data structure that makes it possible to create a digital ledger of transactions and share it among a distributed network of computers, continuously updated simultaneously and secure with encryption. Furthermore, blockchain uses cryptography to allow each participant on the network to manipulate the ledger in a secure way without the need for a centralized trusted party. Since the Bitcoin protocol is open source. This concept has led to the idea develop of smart contract. Blockchain technology can apply in non-Financial Uses which have application examples in many industries include energy sector. Energy Sector can apply this technology from grid management to retail & customer experience that will transformation to new business model.