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The global energy sector is expected to see a surge in blockchain applications, with a market value of $6.29 billion by 2024.

According to the new market intelligence report from BIS Research, the global Blockchain in the energy market was worth $518.6 million in 2018 and is forecast to reach $6.29 billion by 2024.
This growth is being driven by a number of factors, including the need for greater transparency and efficiency in the energy sector, as well as the increasing awareness of Blockchain’s potential to revolutionize the way energy is produced, distributed, and consumed.
In particular, blockchain-based applications have the potential to provide a more secure and efficient way to manage the electric grid, as well as to enable consumers to directly buy and sell energy from each other.
With the global energy sector undergoing a rapid transformation, Blockchain is poised to play a major role in shaping its future.

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