Energy Magazine June 2018 | Page 46

SMART CITIES

consumers . Therefore , consumers will be able to demand cleaner and cheaper energy – ultimately this creates more transparency in the system . This is a breath of fresh air in a notoriously opaque industry , quite resistant to new digital technologies like automation , which should have had a transformative impact years ago .
How do you believe the industry will change over the next five years ? If we look into the future , what do you think will be the most significant development as a result of digital disruption in the industry ? The big energy companies appear to continually take their customers for granted , hitting them with price hike after price hike . They will be replaced if they fail to adapt their business models . We predict that one of these will become the new Nokia . People are making their own energy ; however , they currently have no way to distribute it beyond selling it back to the big companies . The future is peer-to-peer and embracing new technological innovations such as blockchain will be paramount .
In an ideal world , where would Energi Mine like to guide the industry over the coming decade ? How could this potentially benefit the global community ? Renewable energy is trending to become the main source of power . We can no longer go on burning fossil fuels and polluting our environment . Every person has the power to make a difference to their carbon footprint . Energi Mine is at the forefront of this shift . In a decade , we predict that Energi Mine will be the platform that energy providers operate through around the world .
We hope our blockchain based token , the EnergiToken , will be key in the promotion of energy saving behaviour . This can encourage people to be more efficient and less reckless in their energy consumption . Energi Mine intends to become an integral part of the fabric of the energy market , driving these changes forward . If and when the larger energy companies finally catch up , they will be forced to adapt to a business model that prioritises transparency over profit .
46 June 2018