Siemens wants to change the way we share energy… with blockchain

Industrial giant Siemens is the latest corporation to make moves in the blockchain space. The company has announced it intends to use the technology to bring innovation to the energy sector and give more power to the people – you know, the usual yet-to-be-proven decentralization rhetorics. For the time being, the company is limiting its blockchain experiment to two divisions only: Energy Management and Power Generation Services. With this move, Siemens hopes to find new ways to store energy and develop a more efficient management system for energy networks. “Siemens aims to proactively shape the future of blockchain-based, transactive energy…

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