A Taxonomy and Lessons Learned From Blockchain Adoption Within the Internet of Energy Paradigm

The concept of the internet of energy (IoE) emerged as an innovative paradigm to encompass all the complex and intertwined notions relevant to the transition of current smart grids towards more decarbonization, digitalization and decentralization. With a focus on the two last aspects, the amount of intelligent devices being connected in a...

Smart contracts in energy systems: A systematic review of fundamental approaches and implementations

Given the ongoing transition towards a more decentralised and adaptive energy system, the potential of blockchain-enabled smart contracts for the energy sector is being increasingly recognised. Due to their self-executing, customisable and tamper-proof nature, they are seen as a key technology for enabling the transition to a more efficient,...

The Advantages and Challenges of the Blockchain for Smart Grids

In our current society both the demand for electricity is increasing and the demand for electrical energy as energy carrier is increasing. Renewable sources will play an important role in future energy generation due to societal developments. These distributed energy resources introduce new challenges to our current electrical power system. One...