Blockchain technologies have been steadily spreading across every industry, slowly tackling all the inhibitions that only appear apparent when a potential smoother solution is demonstrated.
An example is IXLedger, who are demonstrating (among other things) how better to transact and settle business and claims within insurance - an industry renowned for its slow and non-digital interactions.
Within energy, we have since the beginning of the century had a 10,000x increase in electricity exporters; pretty hectic - Electron is tackling this by using decentralized technology to advance the shared infrastructure of the energy markets by supporting the industry's transition to a smart grid infrastructure and the latest market initiatives.
The outcome is obvious - a trusted, open and more efficient solution BUT so far - real use cases are more theory than PoC and the real battle seems to be in convincing the industry giants to encompass the new efforts.
“We don’t know, being brutally honest, if blockchain can deliver value.” The blockchain distributed ledger technology might be able to cut operational costs and create new revenue streams, he said. “It feels as though it could turn into something quite significant, but unless we test...we don’t know,” he commented.
