VIA’s VP, Strategic Initiatives Joe Babiec was invited to speak on a panel at Greentech Media’s Blockchain in Energy forum earlier this month. The panel, hosted at Pacific Gas and Electric’s San Francisco offices, focused on monetizing energy company data with the help of blockchain. Greentech Media’s Emma Foehringer Merchant moderated.
On the panel, Joe shared this insight into why VIA developed its blockchain-based Trusted Analytics Chain (TAC): “We identified a problem which turns out to be very common: in a typical nine-month project you often spend over two-thirds of your time getting access to the data before any of the value-add analytics work can begin.” TAC solves this challenge by establishing secure access to confidential data for analysis by third parties. Employing TAC to facilitate access to on-premise or cloud-stored data provides two key benefits: cost savings from better and faster analysis, and the opportunity for energy companies to generate new revenues by making data available, safely and privately, to in-house and external experts.
For more information about the event, visit PG&E’s website.