Feature: Blockchain rollout slowed by uncertainty and lack of standardization

See our research and views on blockchain adoption in energy and utilities featured in Engerati here.

“Based on a survey of utilities and one US regional transmission operator focusing on how organizations are approaching and thinking about blockchain, the report authors conclude that the technology needs to mature for it to become a viable tool. The top barrier to investment is business model uncertainty, followed by organizational challenges and a lack of standards, but most companies are optimistic and have made efforts to research and test the technology.”

David Groarke, managing director of Indigo Advisory Group and report co-author, says: “Although 70% of respondents believe the utility blockchain market is still emerging, there is a great deal of activity across the sector with several utilities conducting pilots, developing proof of concepts, and fostering internal research.”