Electricity producers, purchasers, consumers are market participants. Market participants are nodes a decentralized database, provides m information a network level without central authorization: almost instantly. Each node has complete knowledge of all transactions made market, allows it to carry out its activities transparently, more efficiently, including eliminating problem double-spending money.

Applied level blockchain technology working over stack Internet protocols gives peer-to-peer, decentralized, or P2P connections form transactions that do not require participation intermediaries. Such economic relations, as instant cash payments between market participants, served prime motive application blockchain technology in the energy industry. Thanks to the introduction of smart contract technology, transactions could be automated, allowing market participants themselves to increase economic efficiency deals related to purchase, sale electricity, first-level households, offices: thus, as raising competence in the market.

This trend provides a framework basis, broadly supports the form of blockchain technology energy industry. Many professionals, groups influence the traditional energy sector, begun considering how day it is possible to modify a centralized, monopolized network, how to introduce a modernized grid a new business model energy industry.

Today, energy blockchain projects conduct in-depth research given energy. have a resistant plan that has not only received support venture money, cryptocurrency investors, but attracted grants, multinational industry giants.