Blockchain in Energy Sector, Top Companies, Growth 2023-2028
The latest research study “ Blockchain in Energy Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ” by IMARC Group, finds that the global blockchain in energy market size reached US$ 897.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 8,837.0 Million by 2028, exhibiting a growth rate (CAGR) of 41.70% during 2023-2028. Blockchain in energy represents a technology that enables energy distribution and facilitates transactions between generators and consumers. It includes replicated, distributed, and shared ledgers that securely keep digital transactions and assets without using a central authority. Blockchain in energy is widely used for automation, billing, sharing resources, trading, smart contracts, and digital identity. It is also used to manage government risk and compliance, supply chains, grids, and energy certificates. Blockchain in energy increases operating efficiencies, improves visibility, and streamline