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Blockchain in Consumer-Centric Electricity Markets: An Overview | IEEE Conference Publication | IEEE Xplore

Blockchain in Consumer-Centric Electricity Markets: An Overview


Abstract:

The power and energy sector transition into decentralized and distributed models brings a set of challenges that need to be overcome. Among them is consumer empowerment, ...Show More

Abstract:

The power and energy sector transition into decentralized and distributed models brings a set of challenges that need to be overcome. Among them is consumer empowerment, which requires secure economic transactions and reliable system operation. Thus, new technologies and procedures such as blockchain have gained prominence, due to their reliability and privacy-preserving capabilities. These characteristics are essential for the proliferation of energy community markets. Therefore, this paper provides an overview of blockchain technology applicability to consumer-centric electricity markets, highlighting existing projects and initiatives. Additionally, key enablers and barriers to blockchain deployment in local electricity markets are discussed, followed by a roadmap for the comprehensive adoption of such technology.
Date of Conference: 20-22 October 2022
Date Added to IEEE Xplore: 10 February 2023
ISBN Information:
Conference Location: La Paz, Bolivia

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