Blockchain in the Energy Industry – Comprehensive Analysis of Potential Use Cases

Presentation at the 16th IAEE Conference in Ljubjana, 25-28 August 2019.

Various applications for blockchain technology in the energy industry have been proposed in recent years. In order to systematically assess all relevant use cases in this field, potential application scenarios are collected by literature review and expert survey, clustered and evaluated regarding economic and regulatory potential. This approach yields five promising use cases, which are subsequently examined in more detail: labeling, asset logging, supplier switching, verification of control reserve and peer-to-peer trading. The analyses show that the technology shows its strengths mainly for application areas which involve various stakeholders and require a secure and trusted information and communication infrastructure.

Technical concept of a blockchain based Asset Logging platform

Figure: Technical concept of a blockchain-based Asset Logging platform

 

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