We are pleased to launch the new White Paper that PwC has created in cooperation with the World Energy Council (WEC): The Developing Role of Blockchain.
Blockchain has the potential to change the way we arrange, record and verify transactions, with the underlying model shifting away from a centralised structure towards decentralised systems. It is no surprise then that, outside of the financial sector, the energy sector is seen as one of the industries where blockchain could have the biggest transformative and disruptive impact.
But there are still a number of uncertainties in the way of blockchain which still could limit or even stall its growth due to a combination of technological, regulatory and other practical challenges.
Among the big questions surrounding blockchain are: Will its early potential translate into robust and reliable, practical applications? How sure can we be that its promise of greater cybersecurity will be fulfilled and that it won’t introduce new, possibly bigger risks?