Challenges and opportunities of Blockchain technology in the energy sector

2020 ◽  
Author(s):  
Martina Botticelli ◽  
Fabio Moretti ◽  
Stefano Pizzuti ◽  
Sabrina Romano
Keyword(s):  
Energy Sector ◽  
Blockchain Technology ◽  
Challenges And Opportunities

scholarly journals Blockchain technology in the energy sector: A systematic review of challenges and opportunities

2019 ◽  
Vol 100 ◽  
pp. 143-174 ◽  
Author(s):  
Merlinda Andoni ◽  
Valentin Robu ◽  
David Flynn ◽  
Simone Abram ◽  
Dale Geach ◽  
...  
Keyword(s):  
Systematic Review ◽  
Energy Sector ◽  
Blockchain Technology ◽  
Challenges And Opportunities

scholarly journals Emergence of blockchain-technology application in peer-to-peer electrical-energy trading: a review

Clean Energy ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 104-123
Author(s):  
Manish Kumar Thukral
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Research Work ◽  
Energy Sector ◽  
Peer To Peer ◽  
Renewable Energy Resources ◽  
Energy Trading ◽  
Technology Application ◽  
Blockchain Technology ◽  
The Common

Abstract Renewable-energy resources require overwhelming adoption by the common masses for safeguarding the environment from pollution. In this context, the prosumer is an important emerging concept. A prosumer in simple terms is the one who consumes as well as produces electricity and sells it either to the grid or to a neighbour. In the present scenario, peer-to-peer (P2P) energy trading is gaining momentum as a new vista of research that is viewed as a possible way for prosumers to sell energy to neighbours. Enabling P2P energy trading is the only method of making renewable-energy sources popular among the common masses. For making P2P energy trading successful, blockchain technology is sparking considerable interest among researchers. Combined with smart contracts, a blockchain provides secure tamper-proof records of transactions that are recorded in distributed ledgers that are immutable. This paper explores, using a thorough review of recently published research work, how the existing power sector is reshaping in the direction of P2P energy trading with the application of blockchain technology. Various challenges that are being faced by researchers in the implementation of blockchain technology in the energy sector are discussed. Further, this paper presents different start-ups that have emerged in the energy-sector domain that are using blockchain technology. To give insight into the application of blockchain technology in the energy sector, a case of the application of blockchain technology in P2P trading in electrical-vehicle charging is discussed. At the end, some possible areas of research in the application of blockchain technology in the energy sector are discussed.

Issues and Challenges (Privacy, Security, and Trust) in Blockchain-Based Applications

2021 ◽  
pp. 196-209
Author(s):  
Siddharth M. Nair ◽  
Varsha Ramesh ◽  
Amit Kumar Tyagi
Keyword(s):  
Internet Of Things ◽  
Point Of View ◽  
Security And Privacy ◽  
Future Trends ◽  
Security Issue ◽  
Blockchain Technology ◽  
Challenges And Opportunities ◽  
And Control ◽  
Near Future

The major issues and challenges in blockchain over internet of things are security, privacy, and usability. Confidentiality, authentication, and control are the challenges faced in security issue. Hence, this chapter will discuss the challenges and opportunities from the prospective of security and privacy of data in blockchain (with respect to security and privacy community point of view). Furthermore, the authors will provide some future trends that blockchain technology may adapt in the near future (in brief).

Artificial and Natural Intelligence Techniques as IoP- and IoT-Based Technologies for Sustainable Farming and Smart Agriculture

2021 ◽  
pp. 40-53
Author(s):  
Vardan Mkrttchian
Keyword(s):  
Sliding Mode ◽  
Research Community ◽  
End User ◽  
Sustainable Farming ◽  
Model Driven ◽  
Blockchain Technology ◽  
Challenges And Opportunities ◽  
Intellectual Control ◽  
New Challenges ◽  
Smart Agriculture

In this chapter, the author describes the main new challenges and opportunities of blockchain technology for digital economy in Russia. The study in Russia showed that the Russian research community has not addressed a majority of these challenges, and he notes that blockchain developer communities actively discuss some of these challenges and suggest myriad potential solutions. Some of them can be addressed by using private or consortium blockchain instead of a fully open network. In general, the technological challenges are limited at this point, in terms of both developer support (lack of adequate tooling) and end-user support (hard to use and understand). The recent advances on developer support include efforts by of the towards model-driven development of blockchain applications sliding mode in intellectual control and communication and help the technological challenges and created tools. The chapter shows how avatars may communicate with each other by utilizing a variety of communications methods for sustainable farming and smart agriculture.

scholarly journals Application possibilities of blockchain technology in the energy sector

2020 ◽  
Vol 154 ◽  
pp. 07003
Author(s):  
Anna Zielińska
Keyword(s):  
Electricity Market ◽  
Energy Sector ◽  
Power Engineering ◽  
Blockchain Technology ◽  
Block Chain ◽  
Data Register

Blockchain is a block chain technology that makes it possible to send and store information in a distributed way, creating a decentralized data register. The article presents the applications of blockchain technology in the field of power engineering, among others for use in the area of settlements on the electricity market. The work shows the possibilities of using and using block chains to describe the purchase and sale, generation and management of electricity. The work describes aspects of technology that allow partial or complete decentralization of the process. The article also shows how such transactions could be carried out automatically and without supervision - giving certainty of pre-established rules, rules and assumptions.

scholarly journals Legal Risks and Opportunities Related to the Use of Blockchain Technology in the Energy Sector

2019 ◽  
Vol 1 ◽  
pp. 52-58
Author(s):  
Petr N. Maksimenko ◽  
Keyword(s):  
Energy Sector ◽  
Blockchain Technology ◽  
Legal Risks

scholarly journals Blockchain Technology: Challenges and Opportunities in the World of Indirect Taxes

2021 ◽  
Vol 12 (3) ◽  
pp. 4473-4482
Author(s):  
Suhas Saini Et.al
Keyword(s):  
Real Time ◽  
Tax Evasion ◽  
Proof System ◽  
Blockchain Technology ◽  
The World ◽  
Indirect Taxes ◽  
Challenges And Opportunities ◽  
Block Chain

Blockchain Technology revolutionize the market of digitization. Blockchain technology has also emerged as a solution in case of indirect taxes also. This technology can transform the tax regime and can contribute majorly to digital India. In GST a registered firm has to file 37 returns during a year, this technology will reduce this burden off the vendors as all the transactions are recorded in real time in block chain , which removes the need of filing any return. Transparency of system will remove all the loopholes from the system and tax evasion will also become impossible which will ultimately lead to reduction in frauds and a tampered proof system. Blockchain has brought a lot of excitement and this technology has shown its potential to transform business. But what this technology could do for the world of indirect tax? This paper will look at the challenges and opportunities that lies ahead for government in the world of indirect taxes.

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