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Blockchain Technology
boundaries of fintech, blockchain has so much to promise in the energy industry.
Though the digital currency is illegal in many countries, the uses of blockchain
technology are completely legal. It is imperative to use the potential of every new
technology to achieve maximal growth and welfare for all countries. Blockchain
has the power to unite various fragmented systems in order to generate insights and
assess the value of care properly. In the long haul, a nationwide blockchain network
to maintain energy records may enhance efficiency and bolster better investments.
However, blockchain technology has not reached maturity, nor is it a silver bullet
or an instant solution. Several organizational, technical and behavioural economic
challenges need to be surmounted before adopting blockchain in the energy sector.
Therefore, though this technology has tremendous potential, it is very important to
note that such a technology should be dealt with cautiously and with sincerity.
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