Overview on Research and Business Applications of Blockchain Technology in Energy and Power Industry

YANG Ke, XUAN Jiaxing, WANG Huanjuan, LI Guomin, SHEN Xueqing

Electric Power Construction ›› 2020, Vol. 41 ›› Issue (11) : 1-15.

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Electric Power Construction ›› 2020, Vol. 41 ›› Issue (11) : 1-15. DOI: 10.12204/j.issn.1000-7229.2020.11.001
Application of Blockchain Technology in Power Internet of Things·Hosed by Associate Research Fellow YUAN Yong, Professor ZHANG Jun and Senior Engineer YAN Yong·

Overview on Research and Business Applications of Blockchain Technology in Energy and Power Industry

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Abstract

The energy and power industry is characterized by multiple participants, long business process and wide distribution area, resulting in serious data islands, credit transfer difficulties and prominent trading risks. Blockchain has the characteristics of transparency, traceability, tamper-proof,decentralization and other technical features, making its extensive and in-depth application in the energy and power industry an inevitable trend. This paper firstly analyzes the applicability of blockchain technology in the energy and power industry, and then proposes an architecture of energy blockchain application. Then, after a summary of existing research, this article introduces in detail the typical business application scenarios that have been implemented in early 2020, and describes the business architecture and application effects based on blockchain technology for each scenario. Finally, the development prospect and classification of business application scenarios are discussed. The existing problems in the current application of blockchain in the energy and power industry are analyzed, and the corresponding development suggestions are put forward.

Key words

energy blockchain / application scenarios / electricity trading / data sharing / smart legal

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Ke YANG , Jiaxing XUAN , Huanjuan WANG , et al . Overview on Research and Business Applications of Blockchain Technology in Energy and Power Industry[J]. Electric Power Construction. 2020, 41(11): 1-15 https://doi.org/10.12204/j.issn.1000-7229.2020.11.001

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Funding

State Grid Corporation of China Research Program(1200-202017227A-0-0-00)
State Grid Financial Technology Group Co., Ltd. Research Program(2900/2020-87001B)

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