How Is Blockchain Revolutionising The Renewable Energy Industry?

In this video, NES Operations Manager, Dan Brook, talks to Central Tower Construction Manager, Enrique Valades, about how digitalisation and blockchain are impacting the Renewable Energy Industry in the Middle East. They discuss:

• Why is digitisation important in the Renewables industry?

• What other uses are there for blockchain technology?

• When will blockchain technology become a key part of the industry?

• Does the Renewable Energy industry need to adapt to fully utilise blockchain technology?

• How will blockchain impact the job market?

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​Glossary

• GDP (Gross Domestic Product) - the monetary value of all goods and services made within a country.

• BIM (Building Information Modelling) - a model-based process that enables engineers to more efficiently design and manage buildings and infrastructure.

• DLT (Distributed Ledger Technology) -  a method for securely replicating, sharing, and synchronizing data across a distributed computer network.

• P2P (Peer to Peer) - where two or more computers share files and access to devices without requiring a separate server or third party

• Blockchain - a system in which a record of transactions are maintained across several computers that are linked in a peer-to-peer network

• Cryptocurrency - a digital currency operating independently of a central bank where transfer of funds are regulated by encryption techniques

• IOT (Internet of Things) - everyday objects communicating via the internet, enabling them to send and receive data.

• BIM (Building Information Modelling) - a model-based process that enables engineers to more efficiently design and manage buildings and infrastructure.

• Smart Contract - a computer program which executes, controls and documents events according to the terms of a contract.

• GW (Gigawatt) - a unit of power equal to one billion Watts.

• PV (Photovoltaic) - the process of producing electricity from light.

Support from NES Fircroft

If you’re interested in learning more about the Renewable Energy Industry, browse the rest of our Renewables blogs or check out our Power and Renewables podcast series.

NES covers recruitment across many sectors meaning we have supported clients and candidates across a number of industries for the last forty years in good and challenging times. If you need support contact your local NES representative.

All views expressed in this video are Enrique's own.