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Blockchain Plays Leading Role in Germany’s Renewable Energy Evolution

Germany’s renewable energy push is taking shape as the country abandons coal and nuclear-based energy generation. The country has set itself the target of 2022 for the decommissioning of all nuclear-based electricity production. All coal-based energy production will meet the same fate by 2038.

Greentech Energy Companies and the Use of Blockchain

The energy transition or the Energiewende as the Germans call it is changing the pattern of energy production from a national level to more of the regional or local level. The present slightly centralized power infrastructure may not be adequate for energy production involving a huge amount of biomass, solar energy, wind, and other types of low energy-producing stations.

Germany’s Attitude towards Blockchain

The environmental setting in a country is often one of the determinate of how fast blockchain is adopted and implemented across various industries. In Germany, the attitude towards blockchain is generally positive with the hotspot for blockchain activities being Berlin.

Germany’s Blockchain-Based Renewable Energy Platform

As mentioned earlier, several blockchain-powered energy platforms are starting to spring up in Germany as the country embarks energy transition. We starting to see companies are embracing the blockchain solution in providing energy trading services to consumers.

Read more: https://businessblockchainhq.com/business-blockchain-news/blockchain-plays-leading-role-in-germanys-renewable-energy-evolution/

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