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Thursday, April 24, 2025

How Can Blockchain Technology Improve Smart Grids? - AZoM

Scientists from the University of Cambridge, Tesla, and the University of Strathclyde have investigated the application of blockchain technology to smart grids. Their research has appeared in the journal Energies.
Study: Impact of Blockchain Technology on Smart. Grids. Image Credit: MiniStocker/Shutterstock.com
The Changing Face of Energy Generation in the 21st Century
Rapid global population increase since the early 20th Century has facilitated the need for reliable and efficient energy generation to provide good quality of life for individuals. Progress in modern society and industry is intrinsically linked with fossil fuel exploitation, which is becoming increasingly unsustainable due to climate change and resource depletion.
Transitioning to a low-carbon economy is a key area of discussion in the 21st Century, and the recent energy crises due to geopolitical and economic instability have focused the attention of researchers, industry, and governmental bodies on alternative...



Read Full Story: https://www.azom.com/news.aspx?newsID=60139

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