Blockchain and oracles can help clean energy transition, study claims

2022.04.19 18:11

Blockchain and oracles can help clean energy transition, study claims

New dynamics in the energy sector are compelling providers to shift to sustainable and clean energy to combat climate change. While many challenges accompany the clean energy transition, a report claims that blockchain has the potential to help the industry achieve its climate action goals.

The report, titled “Managing Climate Change in the Energy Industry With Blockchains and Oracles,” was conducted by Tecnalia Research and Chainlink Labs. It outlines how blockchain features like tokenization, hybrid smart contracts and blockchain oracles can be applied to the energy sector to manage climate change.

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