New York is moving towards a digitalization, decentralization and decarbonization state, where it announced the release of the frost-radar blockchain technology in the energy industry.
The potential of blockchain technology in the energy industry has just started to gain attention, that can be proven by the increasing number of blockchain start-ups involved in R&D and pilot projects. However, the technology remains in its early stage but slowly rising in the state.
Therefore, beyond 2020, the energy market is expected to witness more blockchain projects coming online. The companies included in this Radar are LO3 Energy, Power Ledger, WePower, Grid+, Electron, Ponton, Veridium Labs, Grid Singularity, The Sun Exchange, Energy Web Foundation, Greeneum, and Prosume.
The radar will show the market positioning of the companies using their Growth and Innovation scores as highlighted in the radar methodology. Meanwhile, the document will present competitive profiles on each of the companies in the radar ― based on their strengths, opportunities, and a small discussion on their positioning.
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