HashCash Consultants is a US-based blockchain development company that has recently announced its new business partnership with a renewable energy marketplace in Finland. The blockchain development company in collaboration with Finland’s energy sector will offer its expertise with the technology to set up a renewable energy marketplace.
The Power of Blockchain Technology
Blockchain technology emerged fifteen years ago, however, its identity was limited to cryptocurrencies. Over the years, technology has emerged as one of the most disruptive technologies in the current scenario. Blockchain is transparent, traceable, and immutable, which helps optimize workflow where documentation and transactions are important and reduce data tampering.
CEO of HashCash Consultants and Blockchain maximalist, Mr. Raj Chowdhury asserts, “The inherent blockchain traits of immutability and real-time visibility across the network are invaluable across organizations for increasing productivity.”
In the past two decades, the renewable energy industry has made remarkable strides concerning our environment and global warming. Today, 38% of Norway’s total energy is generated through the main conductor of hydroelectric power.
“Blockchain is gaining momentum maximizing productivity, enhancing security, and facilitating transactions in peer-to-peer decentralized energy marketplaces. The latest foray will solidify our position as a frontrunner in facilitating energy transactions” quotes Chowdhury. He has previously spoken on the potential of the technology in database management of patent claims, and how the technology can revolutionize the education industry.
Worldwide enterprises are adopting blockchain technology to optimize their system, and reduce intermediary costs wherever necessary. Blockchain is helping businesses to set up an efficient infrastructure to ease the workflow for the best results, especially in the areas of innovation and R&D.