https://www.ifpenergiesnouvelles.com/article/accelerating-energy-transition-blockchain-technology.                     
 The use of blockchain in energy sector promises a reduce costs, improved process efficiency, and wider participation in trade processes. These models also aim to strengthen the role of prosumers and optimize generation capacity, which eventually can immensely benefit the entire energy ecosystem. The technology can enable and power the sharing economy. It cannot be denied that the solution to manage micro grids and distributed energy resources through blockchain technology is promising, however, for wide spread deployment, the technology will have to prove its economic value addition to existing solutions.Additionally, blockchain use cases have the potential to build entire ecosystem needed to facilitate and accelerate energy transition to ultimately achieve zero carbon emissions.As per the result of a survey of executives conducted by Deloitte in 2019, 53% (+10% Y-o-Y) of respondents said that blockchain technology has become a critical for their organization. Also 83% (+9% Y-o-Y) see compelling use cases of blockchain. This is a clear indication that the technology is seen as a catalyst for next generation solutions in different industries, including the energy sector.For the energy sector, by promoting and developing decentralization and digitalization, the blockchain technology has the potential to accelerate grid decarbonization targets. Therefore, blockchain digitalization will be a tool towards the ultimate goal of achieving rapid energy transition to a 100% renewable energy world.