EnergyXchain’s focus is creating blockchain technology to transform the natural gas industry’s transaction processes.
The United States electric and natural gas utility industry has operated in its present physical form for more than a century; characterized by production, transmission, distribution and consumption.
Over the past four decades the industry has evolved through various policy and regulatory actions to open transaction participation to thousands of parties.
Since the 1990's, digital technologies enabled transaction functions to talk to each other and perform some functions automatically. Despite this progress, utility transaction management processes are essentially those created decades ago. They still require significant human intervention, remain highly segmented and employ little digital intelligence and security technology available today.
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