Infrastructures & Utilities

Major infrastructures, such as airports, ports, or toll roads manage complex systems of data that requires high security and the ability to be shared in trustworthy way with operators of these infrastructures and government agencies.

For example, operators can start tracking consumption of some services and manage this through blockchain tokens, a new way of using data that could open new business opportunities for the infrastructure operators and its users. 

Other example, a blockchain-enabled power grid would automate billing and settlement, clear payments in real time, and reduce utility costs. Vottun protocol can help to define how tokens and traceability of data can be managed in the blockchain to allow these new economic models to flourish

In the same way, Utilities companies, oil, gas and electicity suffer from siloed infrastructures and countless issues of transparency, efficiency, and optimization. Solar and wind energy origin certification needs also transparency. Of the many use cases for blockchain, energy and sustainability, the World Economic Forum, Stanford Woods Institute for the Environment, and PwC released a joint report identifying more than 65 existing and emerging blockchain use-cases for the environment. 

These use cases include new business models for energy markets, real-time data management, and moving carbon credits or renewable energy certificates onto the blockchain.

Distributed ledger technology has the potential to improve efficiencies for utility providers by tracking the chain of custody for grid materials. Vottun Supply Chain can be used today for this endeavor. 

Legacy energy sectors, such as oil and gas also stand to benefit from Vottun Protocol, where complex systems with multiple actors have the opportunity to trace data in the blockchain with Vottun.  The complex network of participants suffers from siloed infrastructures and numerous process inefficiencies, take as an example the project developed by Vottun for NATURGY, one of the largest gas companies in Europe and SEDIGAS the Spanish Association of Gas Companies for certifying gas professionals and reduce the risk involved of employing third party workers in critical processes.

This project is one example of how large utilities conglomerates are seeking to invest in and implement blockchain technology because of its ability to lower costs and benefit impact. Blockchain technology will have a positive impact solving these issues.