Blockchain technology has significant potential in the energy industry, particularly in energy trading

and smart power grids. By providing a transparent, decentralized, and secure platform for

transactions, blockchain can facilitate peer-to-peer energy trading and improve the efficiency and

reliability of smart grids.

Key Details:

Energy Trading: Blockchain enables peer-to-peer energy trading where individuals and companies

can buy and sell excess energy (such as solar or wind power) directly to each other. This

decentralized model reduces the need for intermediaries and allows consumers to benefit from

direct energy sales and purchases.

Smart Power Grids: Blockchain can enhance smart grid systems by enabling real-time data sharing

and automated decision-making. With blockchain, smart grids can securely record and share data

related to energy production, consumption, and storage, thereby improving grid management,

reducing waste, and optimizing energy distribution.

Enhanced Transparency and Security: By recording all transactions in an immutable ledger,

blockchain ensures transparency and security, reducing the risks of fraud and discrepancies in the

energy market. This is especially beneficial in energy trading where trust and accurate record-

keeping are essential.

Thus, Energy trading (B) and Smart power grids (D) are the most likely use cases for blockchain in the

energy industry.