Peer-to-peer electricity trading and the sharing economy: social, markets and regulatory perspectives

Schneiders, Alexandra; Fell, Michael; Nolden, Colin

doi:10.1080/15567249.2022.2050849

Cited by 23 publications

(10 citation statements)

References 42 publications

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“…Peer-to-peer transactions allow people to trade goods and services without the need for middlemen [143]. Increased trust between parties and decreased transaction costs are two benefits of the blockchain [144], [145]. By enabling more effective and transparent transactions, this idea has the potential to completely alter how businesses operate in the Metaverse [143].…”

Section: Emergence Of New Business Modelsmentioning

confidence: 99%

See 1 more Smart Citation

Blockchain Technology and Virtual Asset Accounting in the Metaverse: A Comprehensive Review of Future Directions

AL-Hawamleh,

Altarawneh,

Hikal

et al. 2024

IJCDS

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This research focuses on the metaverse's evolving trend and the potential application of blockchain technology in the accounting of virtual assets in this digital domain. The metaverse introduces a new economy in which users may earn real-world revenue through virtual activities, necessitating the need for efficient and dependable virtual asset accounting. Blockchain technology, with its decentralized and immutable record, appears to be a viable answer to these problems. This paper discusses the present status of blockchain technology for accounting for virtual assets in the metaverse as well as its potential role for businesses and the economy. It also determines the technology's issues and limits and makes recommendations for further development. The approach of this study is based on a comprehensive review of the existing literature on the interactions between blockchain technology, virtual asset accounting, and the metaverse. The findings indicate that blockchain technology has the potential to transform virtual asset accounting in the metaverse by improving security, transparency, and consistency. However, scalability and legal/regulatory issues must be overcome before it can completely achieve its promise. Accounting experts, developers, and stakeholders interested in the convergence of blockchain technology and the metaverse economy will find this paper useful.

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Section: Emergence Of New Business Modelsmentioning

confidence: 99%

“…By enabling more effective and transparent transactions, this idea has the potential to completely alter how businesses operate in the Metaverse [143]. Peer-to-peer commerce can also provide new opportunities for people to participate in the economy by directly exchanging products and services [144].…”

Section: Emergence Of New Business Modelsmentioning

confidence: 99%

Blockchain Technology and Virtual Asset Accounting in the Metaverse: A Comprehensive Review of Future Directions

AL-Hawamleh,

Altarawneh,

Hikal

et al. 2024

IJCDS

View full text Add to dashboard Cite

show abstract

“…As a result, further study should be done on policies, regulations, laws, customer views, and company resistance [64]. Regulations for data security and cybersecurity are also important, as the energy grid is crucial for the national infrastructure [65,66]. However, energy regulators may lack available data for regulations as data is often collected and kept hidden by existing companies and platforms.…”

Section: Politicalmentioning

confidence: 99%

“…In organised prosumer groups, the main challenge is data management. In addition, the question of the appropriate degree of decentralisation for specific conditions should also be considered [65]. The key pillars are pricing mechanisms, factors of market integration, and the social and economic acceptability of peer-to-peer power trading and its results.…”

Section: Technologicalmentioning

confidence: 99%

Barriers to Peer-to-Peer Energy Trading Networks: A Multi-Dimensional PESTLE Analysis

Sun,

Tavakoli,

Khalilpour

et al. 2024

Sustainability

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The growing adoption of distributed energy production technologies and the potential for energy underutilisation when the energy is produced by non-connected groups has raised interest in developing ‘sharing economy’ concepts in the electricity sector. We suggest that mechanisms, such as peer-to-peer (P2P) energy trading, will allow users to exchange their surplus energy for mutual benefits, stimulate the adoption of renewable energy, encourage communities to ‘democratically’ control their own energy supplies for local development, improve energy efficiency, and create many other benefits This approach is receiving increasing attention across the world, particularly in Germany, the Netherlands and Australia. Nevertheless, the actual development and implementation of these platforms are slow and mostly limited to trial activities. This study investigates the challenges and barriers facing P2P energy trading developments based on previous academic and industry studies. We provide a comprehensive multidimensional barrier analysis through a PESTLE approach to assess the barriers from a variety of perspectives, including the political (P), economic (E), social (S), technological (T), legal (L), and environmental (E) aspects. This approach clarifies the many intersecting problem fields for P2P trading in renewable energy, and the paper identifies a list of such barriers and discusses the prospects for addressing these issues. We also elaborate on the importance of incentive-based P2P market design.

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“…As a result, further study should be done on policies, regulations, laws, and customer views [65]. Regulations for data security and cybersecurity are also important as the energy grid is crucial for the national infrastructure [66,67]. However, energy regulators may lack available data for regulations as data is often collected and kept hidden by existing companies and platforms.…”

Section: Politicalmentioning

confidence: 99%

Barriers of Peer-to-Peer Energy Trading Networks: A Multi-dimensional PESTLE Analysis

Sun,

Tavakoli,

Khalilpour

et al. 2023

Preprint

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The growing adoption of distributed energy production technologies, and the potential of energy underutilization when it is produced by non-connected groups, has raised interest in ‘sharing economy’ concepts in the electricity sector. We suggest that mechanisms, such as peer-to-peer (P2P) energy trading, will allow users to exchange their surplus energy for mutual benefits, stimulate the adoption of renewable energy, encourage communities to ‘democratically’ control their own energy supplies for local development, and improved energy efficiency, and create many other benefits This approach is receiving increasing attention across the world, particularly in Germany, the Netherlands and Australia. Nevertheless, the actual development and implementation of these platforms is slow and mostly limited to trial activities. This study investigates the challenges and barriers facing P2P energy trading developments based on previous academic and industry studies. We provide a comprehensive multidimensional barrier analysis through a PESTLE approach to assess the barriers from a variety of perspectives, including the political (P), economic (E), social (S), technological (T), legal (L), and environmental (E) aspects. This approach clarifies the many intersecting problem fields of P2P trading in renewable energy, and the paper identifies a list of such barriers, and discusses the prospects for addressing these issues. We also elaborate on the importance of incentive-based P2P market design.

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Peer-to-peer electricity trading and the sharing economy: social, markets and regulatory perspectives

Cited by 23 publications

References 42 publications

Blockchain Technology and Virtual Asset Accounting in the Metaverse: A Comprehensive Review of Future Directions

Blockchain Technology and Virtual Asset Accounting in the Metaverse: A Comprehensive Review of Future Directions

Barriers to Peer-to-Peer Energy Trading Networks: A Multi-Dimensional PESTLE Analysis

Barriers of Peer-to-Peer Energy Trading Networks: A Multi-dimensional PESTLE Analysis

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