BOULDER, Colo.--(BUSINESS WIRE)--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.
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.