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The 9th International Energy Conference
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:: Volume 22, Issue 2 (9-2019) ::
IJE 2019, 22(2): 23-58 Back to browse issues page
Blockchain technology applications in the energy sector: A review of challenges and opportunities
Ahmad Norouzi * , Davood Manzoor
Imam sadiq (as) university , norouzi.ahm@gmail.com
Abstract:   (2958 Views)
Recent decades, Peer- to-peer transaction platforms have become increasingly important in different economic use cases. These technologies are attractive for utilities, developers, financial institutions, Governments and academic communities. Some utilities in energy sector run applications for blockchain in energy sector projects. This paper discussed fundamental concepts of blockchain technology at first. Then opportunities and challenges face energy sector by using blockchain in some use cases. Blockchain technologies could be applied to a variety of use cases related to the operations and business processes of energy companies. Existing literature dictates potential applications and aspect of business models that might be affected, as summarized: billing, sales and marketing, trading and markets, automation, smart and grid application and data transfer, greed management, security and identity management, sharing of resources, competition and transparency. Notable use cases are wholesale energy trading and supply, imbalance settlement, digitalization and IoT platforms and peer to peer trading and decentralized energy.
Keywords: Blockchain, Distributed ledger technologies, energy decentralization, peer to peer transactions
Full-Text [PDF 1035 kb]   (4206 Downloads)    
Type of Study: Research | Subject: International Energy Trade
Received: 2019/12/31 | Accepted: 2020/03/22 | Published: 2020/06/11
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Norouzi A, Manzoor D. Blockchain technology applications in the energy sector: A review of challenges and opportunities. IJE 2019; 22 (2) :23-58
URL: http://necjournals.ir/article-1-1520-en.html


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Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 22, Issue 2 (9-2019) Back to browse issues page
نشریه انرژی ایران Iranian Journal of Energy
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