Joanna Hubbard, chief operating officer and co-founder at Electron, provides deep insights into blockchain technology and how the energy sector will benefit from this exciting technology.
According to Joanna, blockchain will provide enabling, transparent, coordinated price signal markets to the energy sector.
She explains that there are three layers of blockchain uptake, the base layer, the protocol layer or infrastructure development and the final app layer, or peer to peer layer.
We are only in layer two, currently “laying the plumbing” or foundations on which the truly valuable interactions can take place.
Watch the above video to understand the potential of this powerful technology.