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By 2025, global investment in blockchain technology in energy markets is set to reach $34.7 billion. Although $35 billion seems high, it’s exceeding by the net worth of $1.85 trillion for the energy market as a whole. Key actors using blockchain and DLT in the field include Accenture, AWS, Bigchain db, Deloitte, IBM, Infosys, Microsoft, Nodal block, Oracle, SAP, Enosi, and Electron.

Blockchain is used within energy markets for data management, financial tracking and interactions. Drivers for adoption include reducing operational costs and capital expenditure. Increasing automation will see blockchain employed for data security and integrity. On top of the list are banking and financial applications whereas the Medicare businesses, regulators and retailers are progressively speeding up in this blockchain market. Interest in this technology is increasing rapidly which drives its route towards the business ecosystem. New entrepreneurs have started to look for the business solution within the blockchain business ecosystem.