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Reinventing Information Management in the Energy Space
Executive Summary
After publicly debuting in the financial domain, blockchain technology is garnering incredible attention for its applicability across sectors, showing particular fit as a foundational technology in the energy sector.
- Energy companies face mounting challenges. The ever increasing IT expenditure due to the rise in connected devices and the complexity of the energy lifecycle has led to mounting threats of cyberattack
- Connected devices and the Internet of Things are already improving the way energy companies can track and monitor energy flows. The decentralised nature of blockchain technology reduces the capital expenditure required to help embrace this expansion of connected sensors
- Blockchain technology’s attributes of distributed, shared, validated and immutable record-keeping provides defence against cyber threats, as well as vast improvement of data transition and reconciliation within the energy lifecycle, thus leading to significant efficiencies and cost savings
- More and more companies are recognising that they will be at a competitive disadvantage if they do not adopt blockchain technology
About Guy Halford-Thompson, CEO, BTL Group
Guy is a highly analytical and programmatic thinker who recognized early on that distributed ledger and blockchain technology is a ground-breaking innovation with the potential to transform society. A thought leader in the blockchain space, Guy is the Founder and CEO of BTL Group, the first public blockchain technology company. He is also the co-founder of QuickBitcoin, a bitcoin trading company that introduced one of the first bitcoin ATMs to the United Kingdom in 2013.
Operating from both Canada and the UK, BTL is an enterprise technology platform provider that has built Interbit, a proprietary private blockchain. Via its Interbit platform BTL can help companies greatly reduce risks and costs by securely streamlining existing IT infrastructures. To date, BTL has successfully demonstrated how Interbit can innovate system processes for leading companies in the finance, energy and gaming sectors.
The white paper can be found here; BTL – Powered by Blockchain.pdf
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