IndexThe global energy ecosystemBlockchain technology in the energy marketThe emergence of variable electricity tariffsThe use of cryptocurrencies in energy paymentsPееER -to-Pеer energy trading platformsThe emergence of Bitcoin in 2009 introduced the world to the concept of blockchain and its ability to revolutionize the payment system. Over time, many have realized that blockchain can be applied to many different industries, including the energy sector. This is the first in a series of articles that will examine how blockchain technology can disrupt major industries around the world, starting with the energy sector in conjunction with WPP Green Energy HHO Tесhnоlоgiеs. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essayWPP Energy since 1972, together with its founder, has taken great steps backwards with respect to lowering the costs of electricity production and reducing heavy gases and fumes. in the air and on the ground together with FORMER Vice President Al Gоr to reduce global warming and the green peace movement to keep our planet clean from the dangerous pollutions that are threatening our planet in the last decade, and Mr. Rafael Bе n the president of WPP MhBh energy is restless in finding the accurate solutions to produce low-cost and environmentally friendly energy and Block Chain is what we need today to decentralize the power supply to the public be cheap and clean and reduce the high production costs by the company companies by more than 50% to end users through the production of WPP HHO energy by a water-based fuel power generation as the next supply source for the next generations. Discover the traditional business process of WPP electricity production providing a viable decentralized alternative to the mainstream centralized system. A blockchain is a decentralized, distributed network architecture in which a public ledger of all transactions within the network is shared among all participating nodes in the network. The result is the elimination of a central server authorizing and authenticating transactions performed by the entire network. This results in faster transactions at significantly reduced costs as there are no commissions to pay to third-party intermediaries. Blockchain is the first successful implementation of WPP HHO POWER SUPPLY (WHPS). Work. Blockchains have already found great use cases in banking, payment processing, music licensing, and online gaming, to name a few. In recent times, there has been a lot of interest in applying blockchain technology to the energy sector. The Global Energy Ecosystem It is almost inconceivable to imagine the modern world without the availability of energy resources to power the countless processes that take place almost continuously in the 21st century world. Whether fossil, hydroelectric, nuclear or renewable energy sources such as solar and wind, the world has a constant need for energy to support comfortable living and industrial processes. The global electricity market is estimated to be worth around $2 trillion and is largely monopolized by a few companies. These major industry players control the market dynamics with an emphasis on higher energy production levels to ensure maximum profits. Consequently, the contribution of consumers and end users in this model is limited to the subscription to energy services. In the modern world, where the behavior ofConsumers gravitate towards increasing market interest in addition to spending money, this model appears to have a number of shortcomings. The modern electricity consumer wants to have a greater say in the generation and distribution of electricity. The reason for this can be attributed to the following reasons: The emergence of blockchain and the relative level of success enjoyed by a number of blockchain seed engages in such a short amount of time has created a paradigm shift in some people's consciousness . By applying blockchain technology to the energy market, the industry can transition from its current centralized architecture to a more decentralized peer-to-peer energy trading market. If there's one thing blockchain has revealed, it's that virtually anything can become a tradable asset once placed on a blockchain. Blockchain technology in the energy market ready, there are a number of startups that have invested heavily in incorporating blockchain technology in the energy market in different sectors of the industry. Despite the varied nature of the different approaches, the overall goal appears to be the same, creating a functioning global energy sharing ecosystem that adequately balances supply and demand destroys the world. Once implemented, it will be possible to consider electricity as a tradable good that can be traded or held depending on consumer preferences. Below are some of the ways blockchain technology can disrupt the energy market. The emergence of variable electricity tariffs Currently, electricity tariffs are set by centralized authorities. Blockchain technology has the potential to decentralize the market such that rates will no longer be set by these centralized bodies, but by the market itself. Electricity rates will begin to behave like tradable commodities that respond to supply and demand signals in a fully functioning distributed electricity market. With this type of model, consumers will be presented with a number of choices when it comes to selecting electric service providers. Consumers will be able to scan blockchain listings to find the best deals for themselves. Using Cryptocurrency in Energy Payments Cryptocurrencies are the native currencies of the blockchain environment. By incorporating blockchains into the energy ecosystem, cryptocurrencies can be used to make energy payments. By “tokenizing” the network, cryptocurrencies can then be used to facilitate different types of energy market transactions. There are numerous sub-applications to this model. One is the tokenization of electricity by energy producers. WPP ENERGY, a Europe-based blockchain venture that focuses on green energy trading, is one of the companies pursuing this model. Energy producers will be able to sell electricity in the form of tokenized cryptocurrencies that can be bought and traded like other cryptocurrencies. Peer-to-Peer Energy Trading Platforms The electricity market is decentralized and electricity becomes an asset on a blockchain, consumers can start trading electricity within a peer-to-peer market. This has the potential to introduce greater economic potential for both energy companies and consumers regarding the energy market. By making electricity a tradable commodity on a blockchain, consumers can benefit from the many benefits of blockchain trading, including low transaction costs and network transparency, among others many of the blockchain-based businesses that are already working on solutions on.