The two trending topics, digitization and industry 4.0, are closely linked to the term Internet of Things (IoT). IoT is understood as an enabler of change in society and industry. Business models and connected applications fundamentally change the way how businesses, humans and environments communicate. This certifies the disruptive character of IoT. And the expansion of renewable energy sources and decentralization of power generation also promotes the potential of IoT in the energy sector.
In the first part of our report on blockchain, we claimed that the blockchain is an innovative technology that allows users to perform direct, fast, and forgery-proof transactions. While there are already some wellknown commercial applications in the financial sector, the use of Blockchains in other sectors, such as energy has so far been limited to a few pilot projects.
Blockchain technology experienced an explosive attention rise in 2016 and was placed by IT experts at the top of the trend curve, the so-called peak of inflated expectations. Analysts from Gartner Inc. are confident that the Blockchain technology is not just a hype but promises numerous potential applications for the future. Can this technology meet indeed these high expectations? At the moment, companies from different sectors are wondering whether it is worth to invest in this trend.
The German Association of Energy and Water Industries (Bundesverband der Energie- und Wasserwirtschaft – BDEW) is the most important lobby group representing the interests of energy companies to policymakers and the general public in Germany. This year’s BDEW Congress adopted the theme of “Change: new ideas, new formats”.