Blockchains could take a key role in clean energy trading—Davos

Distributed ledgers can bring many benefits to energy markets and solve some of the most difficult problems associated with the transition

Blockchain technology could be the solution to perhaps the one of the biggest challenges associated with decarbonised energy sources—tracking and proving the net-zero claims of fuels such as green hydrogen or LNG—Davos Energy Week delegates heard yesterday. Sabine Brink, blockchain centre of excellence lead, Shell, highlighted the transparency and traceability that distributed ledger technology can bring to the energy industry. “We are moving to a future of providing lower carbon and sustainable solutions for customers. [Blockchain] becomes increasingly important because it is the truly sustainable sources and production, combined with its use of traceability and transparency, that the energ