Blockchain has grabbed the attention of the heavily regulated power industry as it braces for an energy revolution in which both utilities and consumers will produce and sell electricity. Blockchain could offer a reliable, low-cost way for financial and operational transactions to be recorded and validated across a distributed network with no central point of authority.
Up Next in Blockchain
The era of large-scale power plants may be coming to a close, to be replaced by a smart network of microgrid energy systems that can leverage the advantages of distributed ledger technology.
Microgrids and Blockchain Powering our Energy Future
WIRED UK - Chris Baraniuk
French insurance giant AXA has launched a new flight delay insurance product using the Ethereum blockchain. Referred to as 'Fizzy', the product allows travelers to insure trips against a flight delay of two hours or more, utilizing smart contracts to store and process payouts once certain conditions are met.
AXA Uses Ethereum Blockchain for New Flight Insurance Product