A decentralized technology
As we explained here, Blockchain is a distributed, digital transaction technology that enables secure data storage and makes it possible to execute smart contracts in peer-to-peer networks. Its intrinsic characteristics (it is unalterable, transparent and secure) also make it easier to automate contract execution.
Since the technology’s capabilities are steadily expanding all the time, blockchain and smart contracts could help to manage multiple sources of flexibility automatically. In future, this technology could profoundly change how the energy sector operates by being applied to different levels of the market (short-term requirements, ancillary services, and so on).