Review of Blockchain Technology and its Expectations: Case of the Energy Sector

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Abstract

This article suggests that the worldwide relevance of blockchain technology is motivated by the changes that it is expected to cause in: (i) the way that business is organised and (ii) regulated, as well as (iii) by the way that it changes the role of individuals within a society. The article presents an overview of the features of blockchain technology. It then takes a closer look into the developments within the energy sector across the world to gain a preliminary indication of whether the stated expectations are coming to reality. As a result of this review, we remain cautiously optimistic that blockchain technology could deliver the expected impact.
Original languageEnglish
JournalarXiv
Publication statusPublished - 9 Mar 2018

Keywords

  • blockchain
  • distributed ledger technology
  • energy sector
  • peer-to-peer energy trading

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