Another advanced technology that has caught the eye of VTara Tech is BlockChain especially in the Energy Industry. Since the emergence of BitCoin, the underlying Block Chain technology has branched out to find varied applications in multiple industries. As peer-to-peer network grows stronger in this 21st century, Block Chain technology is suited to grow exponentially in the coming decade. By taking a decentralized approach, Blockchain has one of the robust security platforms thus preventing hacking and loss of data.
VTara Tech is researching about the potential applications of Block Chain in the Energy Industry such as Peer to Peer Energy Trading, Secure financial transactions, documentation of ownership, asset management etc. thus ensuring lower costs, faster processes and greater flexibility. We see a wide range of applications in both developed and emerging economies.