APPLICATION OF BLOCKCHAIN IN ENERGY

Authors

  • Jiaqi Wu School of Artificial Intelligence, Shenzhen Polytechnic, Shenzhen, China
  • Yujuan Zhou School of Artificial Intelligence, Shenzhen Polytechnic, Shenzhen, China
  • Yuhao Zhang School of Artificial Intelligence, Shenzhen Polytechnic, Shenzhen, China
  • Dingxiang Zheng ShenZhen information service Blockchain Association, Shenzhen, China
  • Weiping Deng WeBank, Shenzhen, China
  • Tao Qu Guangzhou Urban Blockchain Industry Association, Guangzhou, China

DOI:

https://doi.org/10.29121/ijetmr.v10.i4.2023.1306

Keywords:

Blockchain, Energy, Renewable Energy, Decentralization, Application

Abstract

Blockchain or distributed ledger technology has attracted great interest from companies in the energy industry. The combination of blockchain and energy is undoubtedly one of the most striking technological innovations in recent years. A typical application area of blockchain in the energy industry is trading and credit. Stakeholders use blockchain technology to promote distributed or wholesale energy transactions and create virtual grids. Consumers can trade between their own devices and resources, with their neighbors and with the grid. The whole process can be automated through smart contracts. In this article, we will discuss some use cases related to the application of blockchain in the energy field.

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Published

2023-04-15

How to Cite

Wu, J., Zhou, Y., Zhang, Y., Zheng, D., Deng, W., & Qu, T. (2023). APPLICATION OF BLOCKCHAIN IN ENERGY. International Journal of Engineering Technologies and Management Research, 10(4), 32–40. https://doi.org/10.29121/ijetmr.v10.i4.2023.1306