Blockchain in Energy Sector Industry Overview
There are a lot of big players in the energy blockchain market, which is very competitive. As far as market share goes, SAP SE (SAP), Microsoft Corp., Accenture PLC, and IBM Corp. are the three biggest players on the market right now. These big players have a big share of the market, so they are focusing on getting more customers in other countries. These companies leverage strategic collaborative initiatives to increase their market shares and profitability. To strengthen their product capabilities, the companies operating in the market are also acquiring start-ups working on blockchain in energy technologies.
In July 2022, INFINITY partnered with the blockchain company Yesports. This partnership aimed to launch a fan engagement program based on non-fungible tokens (NFTs). The deal highlighted an increasing number of esports organizations looking to rely on blockchain and Web3 to establish fan engagement strategies.
Intel announced in April 2022 that their new Intel Blockchain ASIC (application-specific integrated circuit) was coming out. This chip is supposed to make hashing for proof-of-work consensus networks more energy-efficient.
Blockchain in Energy Sector Market Leaders
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SAP SE (SAP)
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Microsoft Corp
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Accenture PLC
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IBM Corporation
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LO3 Energy Inc.
- *Disclaimer: Major Players sorted in no particular order
