Reference : Electricity powered by blockchain: A review with a European perspective
Scientific journals : Article
Engineering, computing & technology : Energy
Security, Reliability and Trust
http://hdl.handle.net/10993/51926
Electricity powered by blockchain: A review with a European perspective
English
Roth, Tamara mailto [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX >]
Utz, Manuel [University of Bayreuth > Faculty of Law, Business & Economics]
Baumgarte, Felix [University of Bayreuth > Branch Business and Information Systems Engineering of the Fraunhofer FIT, FIM Research Center,]
Rieger, Alexander mailto [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX >]
Sedlmeir, Johannes [University of Bayreuth > Branch Business and Information Systems Engineering of the Fraunhofer FIT, FIM Research Center,]
Strüker, Jens [University of Bayreuth > Branch Business and Information Systems Engineering of the Fraunhofer FIT, FIM Research Center,]
1-Nov-2022
Applied Energy
Elsevier
325
119799
Yes (verified by ORBilu)
0306-2619
1872-9118
London
United Kingdom
[en] Blockchain ; Benefits ; Challenges ; Energy Systems ; Machine Identities ; Systematic Literature Review
[en] Blockchain is no longer just a hype technology, and effective blockchain applications exist in many industries. Yet, few blockchain projects have been successful in Europe’s energy systems. To identify the reasons for this slow progress, we reviewed the recent energy literature regarding the use of blockchain, analyzed industry reports, and interviewed experts who have conducted blockchain projects in Europe’s energy systems. Our analysis reveals eight common use cases, their expected benefits, and the challenges encountered. We find that the expected benefits are often little more than generic hopes, largely outweighed by technological, organizational, and regulatory challenges. The identified challenges are significant and numerous, especially for peer-to-peer trading and microgrid use cases. The fact that few projects have yet provided robust evidence for profitable use suggests there is still a rocky road ahead. Moreover, many use cases appear to require more than just blockchain technology to succeed. In particular, privacy and scalability requirements often call for systems in which blockchains only take a backseat. This realization may be essential for the future use of blockchain technology in energy systems – in Europe and beyond.
Fonds National de la Recherche - FnR
Researchers ; Professionals ; Students
http://hdl.handle.net/10993/51926
10.1016/j.apenergy.2022.119799
FnR ; FNR13342933 > Gilbert Fridgen > DFS > Paypal-fnr Pearl Chair In Digital Financial Services > 01/01/2020 > 31/12/2024 > 2019

File(s) associated to this reference

Fulltext file(s):

FileCommentaryVersionSizeAccess
Open access
1-s2.0-S0306261922010765-main.pdfPublisher postprint1.57 MBView/Open

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.