Blockchain-based systems can send energy to anyone

One of the most compelling reasons for using blockchain technology in the energy market is process simplification and automation, increased transparency, and lower transaction costs due to the elimination of intermediaries.

Then again, there are some drawbacks to using blockchain technology in the energy market, such as slow transaction speeds, illegal activities, and high energy and resource consumption. Furthermore, fundamental legal issues, such as data protection, must be addressed.

I was recently surprised to learn that blockchain could be very useful in terms of renewable energy and energy donation via various startups.

Blockchain-based systems can send energy to anyone, anywhere in seconds, allowing for a direct and seamless energy transfer without the use of intermediaries, fees, or restrictions. With Elan Future, anyone can participate in energy production, implying that energy democratization has finally arrived.

Data integrity; transparency; trust; automation; security; cost savings Immutability is one of the most significant benefits/strengths of blockchain technology in the energy sector.

What are your opinions? Would you like to add any benefits or drawbacks?