2021
DOI: 10.1002/er.7109
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A comprehensive review of energy blockchain: Application scenarios and development trends

Abstract: The disruptive nature of blockchain technology has drawn considerable interest from different types of stakeholders. It is adopted in numerous sectors with the ability to openly and securely verify, track, and exchange data. The energy blockchain, a term used when blockchain technology is applied in the energy sector, is considered as having the potential to develop a decentralized, digitized, and decarbonized energy management system. The article presents an overview of the development progress from three per… Show more

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Cited by 21 publications
(3 citation statements)
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“…Furthermore, various blockchain scalability methods are investigated in order to explore multiple choices for the conversion of P2P energy trading platforms (Luu et al, 2016;Ledger 2018). However, salability has not been confirmed (Teng et al, 2021). Unlike many existing studies that only report on the base layer model (Jiang et al, 2021;Lu et al, 2022), we consider both the blockchain base layer model and the second layer solution.…”
Section: Research Motivationmentioning
confidence: 98%
“…Furthermore, various blockchain scalability methods are investigated in order to explore multiple choices for the conversion of P2P energy trading platforms (Luu et al, 2016;Ledger 2018). However, salability has not been confirmed (Teng et al, 2021). Unlike many existing studies that only report on the base layer model (Jiang et al, 2021;Lu et al, 2022), we consider both the blockchain base layer model and the second layer solution.…”
Section: Research Motivationmentioning
confidence: 98%
“…Additionally, another study conducted in China found that the use of multi-cycle development planning in renewable energy systems is very effective in enhancing the implementation of the systems as it reduces the lead time for sourcing materials and deployment of the plan. Also, it helps in making renewable systems more efficient and safer to operate over long hours [34,35].…”
Section: Technical Advantages Of Multi-cycle Production Development P...mentioning
confidence: 99%
“…Blockchain is an underlying technology that supports distributed ledger services, which includes data storage structure, network protocol, distributed ledger, encryption algorithm, consensus mechanism, and smart contract [2]. In the energy sector, on the one hand, the blockchain acts as a distributed database to ensure Information and privacy, and on the other hand, due to the strong technical support within the blockchain, it can be used for distributed energy transactions, plugging and unplugging of electric vehicles, and supporting Carbon trading and green certificates [3]. Although blockchain technology plays a huge role in the energy market, there are still many challenges.…”
Section: Introductionmentioning
confidence: 99%