Analyst Insight: Energy Blockchain in Asia Pacific

The Guidehouse Insights Energy Blockchain Vendor and Deployment Tracker provides an overview of blockchain vendors and project developments in the energy industry, including vendors, project partners and funding, project size, use cases, company status, and other project-specific data points.

As of 3Q 2023, Guidehouse Insights tracks 593 energy blockchain projects. In 2023, a total of 89 projects were added to the Tracker, led by the US and Germany. After Europe and North America, Asia Pacific is the third-most popular blockchain region by vendor headquarters location, an indicator of energy blockchain activity in a given geographic area. Project deployments in the Asia Pacific region are led by China (23% of deployments), followed by Australia (21%) and Japan (13%). As power reliability, decarbonization, and demand for innovative granular solutions increase in the region, energy blockchain deployments are expected to accelerate.

For most energy blockchain product use cases, competitive and technological landscapes remain nascent; however, a few vendors and flagship projects are helping lead the way for broader application across industry types. Leveraging insights and findings from the 3Q 2023 iteration of the Tracker, this Analyst Insight provides an overview of the energy blockchain market in Asia Pacific from a regional, vendor, and use case perspective, focusing on forward-looking trends that inform market opportunities and potential.