Blockchain’s Potential to Support PV Investment and Grid Integration

Does distributed ledger technology, specifically blockchain technology, have a role in helping Asia’s countries increase PV investment and grid integration? We believe that Asia is a high-potential market in which to push the limits of blockchain’s capabilities in the power sector, particularly less-developed countries where there are potential benefits of working in an unbuilt environment—a technological “white space.” Challenges notwithstanding, blockchain has shown the potential to help overcome obstacles that keep millions of people in the dark worldwide. This presentation covered thought-provoking applications of the technology in both advanced and emerging economies—with potential implications for meeting electrification goals in the developing world—and a case study of a proof-of-concept for wholesale electricity clearing and settlement we are currently developing in a transitioning power market in the Country of Georgia.