Our Blockchain Explainer Segment: 'Consensus'

Blockchain is coming to the energy industry in a big way.

We're at the beginning of a fierce hype cycle, when new startups are emerging weekly to tout their Initial Coin Offerings and tokenization platforms for energy trading. Utility executives are grappling with yet another distributed technology that proponents say will demolish the traditional power delivery business.

Still having a hard time understanding why all this matters? Getting lost in the maze of new terminology? We've got you covered.

On this week's Interchange podcast, we're starting a new segment called "consensus." 

We'll bring a blockchain-related topic that we don’t understand -- a term, a business model, or an application -- and present it to GTM’s resident blockchain enthusiast, Scott Clavenna, to see if he can help us out. Hopefully we'll reach consensus.

In this week's segment, we're bringing two questions to Scott: How does WePower's tokenized energy trading work? And how to different variations of cryptocurrency mining?

If you need a blockchain 101 course, try listening to our earlier Interchange episode on the subject.

This podcast is brought to you by Fiveworx, a turnkey customer engagement platform for utilities. Find out more about how Fiveworx can help your customer engagement program succeed -- and get you beyond the meter.

Recommended reading:

GTM: Can We Prevent a Global Energy Crisis From Bitcoin Mining?GTM: WePower Expansion Hints at Adoption of Blockchain for Energy TradingCome to our Blockchain in Energy Forum in New York City

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