Navigant Research Report Finds Blockchain is Expected to Play a Key Role in Edge Computing and Distributed Intelligence
February 21, 2019
Partnerships between utilities and blockchain technology companies
are exploring applications
BOULDER, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AI?src=hash” target=”_blank”gt;#AIlt;/agt;–A new report from Navigant
Research examines the drivers behind the evolution of distributed
systems management in the Energy Cloud, focusing on the role blockchain
plays in creating a framework for device-level trust.
As the Energy Cloud transformation progresses and the number of
interconnected devices in distributed systems grows, the centralized
command and control model must give way to a new model that increasingly
relies on automated processes at the grid edge. As automation increases,
distributed systems operators must develop a framework for device-level
trust to avoid creating new vectors for cyber attacks, fraud, or network
manipulation while continuing to provide a high-quality experience to
end users. Click
to tweet: According to a new report from @NavigantRSRCH,
blockchain is expected to play a key role in creating a secure
foundation for edge computing and distributed intelligence.
“Blockchain augments existing systems management technologies with an
authentication layer that enables devices in a network to constantly
verify each others’ identity, location, state, or status,” says
Johnathon de Villier, research analyst with Navigant Research. “System
operators can further expand their capabilities by combining blockchain
with parallel technologies such as machine learning, artificial
intelligence, and cybersecurity suites.”
According to the report, partnerships between utilities and blockchain
technology companies are exploring applications for blockchain in this
space, from straightforward cybersecurity applications to entirely new
models for balancing the grid.
The report, Blockchain
Establishes a Secure Foundation for Distributed Systems Management,
explores the drivers behind the evolution of distributed systems
management in the Energy Cloud and focuses on the role blockchain plays
in creating a framework for device-level trust. The report examines the
push for performance-based utility evaluation around the world and the
strains that rapidly increasing volumes of data are placing on systems
operators, emphasizing that blockchain is one piece of a larger strategy
to adapt to these changes. It concludes with recommendations for
anticipating this evolution in grid management and explores blockchain’s
role in that context. An Executive Summary of the report is available
for free download on the Navigant
Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of
clean, intelligent, mobile, and distributed energy. Additional
information about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.
* The information contained in this press release concerning the
report, Blockchain Establishes a Secure Foundation for Distributed
Systems Management, is a summary and reflects Navigant Research’s
current expectations based on market data and trend analysis. Market
predictions and expectations are inherently uncertain and actual results
may differ materially from those contained in this press release or the
report. Please refer to the full report for a complete understanding of
the assumptions underlying the report’s conclusions and the
methodologies used to create the report. Neither Navigant Research nor
Navigant undertakes any obligation to update any of the information
contained in this press release or the report.
Contacts
Navigant Research
Lindsay Funicello-Paul
+1.781.270.8456
lindsay.funicello.paul@navigant.com