Financial services leading the development of blockchain,

It is now clear that, financial services have led the development of blockchain, and utilities are starting to realize the technology’s potential. In effect, a number of proofs of concept have been launched.

 

The most promising area for blockchain is in P2P trading. According to Technavio, using blockchain for P2P trading provides a flexible and low-cost approach to highly granular transactions that are difficult to replicate in a centralized system and it places consumers at the heart of the smart grid.