June 20th, 2017 | Lucas Bifera | S&P
Indigo's views on blockchain, energy, day ahead markets and vendor activities were profiled in SNL.
"Day-ahead markets could also be impacted by blockchain, according to David Groarke, managing director of New York-based utility blockchain consulting firm Indigo Advisory Group. A 30-day settlement period between counterparties could be condensed into real-time settlements, injecting newfound efficiency into the markets that could lower transaction and operating costs."
"It would allow for all parties to have their transactions stored and executed on a shared ledger," Groarke said. "This is an important point for compliance purposes, because an auditor or any kind of valuation assessment can be done in a quicker way."
"The more experiments utilities and regulators see, and the more experiments the regulator mandates, that will give everyone a view of the limitations, and serve interests on both sides," Groarke said, of the added transparency. "When we find a use case that has value for multiple participants - regulators, customers and utilities — I think we will see some mass adoption and some successes."
See the article here.