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The energy sector, driven by sustainability goals such as Saudi Arabias Vision 2030 and the UAEs Net Zero 2050, will see a surge in investments in smart grids, renewable energy, and AI-powered energy efficiency solutions.
In the energy and utilities sector, sustainability goals, such as Saudi Arabias Vision 2030 and UAEs Net Zero 2050, will drive investment in smart grids, renewable energy, and AI-driven energy efficiency solutions. Blockchain adoption is expected to grow, particularly in finance, supply chain management, and public services.
This number is concerning given emerging digital technologies such as blockchain, IoT, artificial intelligence, and machine learning are increasing demand for data centre services further, as workloads are no longer confined to the core data centre and can run anywhere, including the edge.
However, along with governments, some companies such as Shell (aiming to reduce the net carbon footprint of its energy business by 50 pc in 2050) and Statoil (changing its name to Equinor to get new talent) are trying to make change happen. WePower aims to “tokenize renewable energy and put it onto a blockchain.”
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