The energy sector started using ‘blockchains’ – the process used to encrypt virtual currencies such as bitcoin – in 2014, and since then it has made great strides with the technology. However, governments and big companies are still way behind. Ruben Baetens, a consultant at 3E – a company advising governments on how to deal with the change – explains potential of blockchains for the industry.
Interfax Natural Gas Daily: How does blockchain technology work?
Ruben Baetens: A blockchain is usually defined as being like a ledger, where...
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