Perspective Chapter: Blockchain Technology in the Field of Energetics – Organization of Effective Energy Market

Abstract

The article is devoted to the topic of blockchain applications in the field of energetics. A role of the technology in the digital economy development has been discussed; corresponding examples from Russian, Chinese, Estonian experience have been presented. A synergy between usage of blockchain and other information technology such as big data, intelligent avatars and the Internet of things has been demonstrated. Implementation of the blockchain technology into the functional scheme of the energy market has been proposed as a ways to ensure its decentralization and openness. Energy supply contracts can be negotiated directly between producers and consumers without intermediaries, so all the market actors have a high level of autonomy in purchasing and selling. The technology provides services for preparation and issuance of necessary invoices, as well as for making settlements for the entire transaction. Blockchain technology ensures economic and information security of transaction participants and includes convenient tools for realization of their market activities. Difficulties and risks, connected with the technology implementation, have been discussed, as well as main ways of its further development.