A systematic analysis of real-world energy blockchain Initiatives

Show simple item record

dc.contributor.author O'Donovan, Peter
dc.contributor.author O'Sullivan, Dominic T. J.
dc.date.accessioned 2019-10-01T08:44:18Z
dc.date.available 2019-10-01T08:44:18Z
dc.date.issued 2019-08-10
dc.identifier.citation O’Donovan, P. and O’Sullivan, D. T. J. (2019) 'A Systematic Analysis of Real-World Energy Blockchain Initiatives', Future Internet, 11(8), 174 (14pp). DOI: 10.3390/fi11080174 en
dc.identifier.volume 11 en
dc.identifier.issued 8 en
dc.identifier.startpage 1 en
dc.identifier.endpage 14 en
dc.identifier.uri http://hdl.handle.net/10468/8649
dc.identifier.doi 10.3390/fi11080174 en
dc.description.abstract The application of blockchain technology to the energy sector promises to derive new operating models focused on local generation and sustainable practices, which are driven by peer-to-peer collaboration and community engagement. However, real-world energy blockchains differ from typical blockchain networks insofar as they must interoperate with grid infrastructure, adhere to energy regulations, and embody engineering principles. Naturally, these additional dimensions make real-world energy blockchains highly dependent on the participation of grid operators, engineers, and energy providers. Although much theoretical and proof-of-concept research has been published on energy blockchains, this research aims to establish a lens on real-world projects and implementations that may inform the alignment of academic and industry research agendas. This research classifies 131 real-world energy blockchain initiatives to develop an understanding of how blockchains are being applied to the energy domain, what type of failure rates can be observed from recently reported initiatives, and what level of technical and theoretical details are reported for real-world deployments. The results presented from the systematic analysis highlight that real-world energy blockchains are (a) growing exponentially year-on-year, (b) producing relatively low failure/drop-off rates (~7% since 2015), and (c) demonstrating information sharing protocols that produce content with insufficient technical and theoretical depth. en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher MDPI en
dc.relation.uri https://www.mdpi.com/1999-5903/11/8/174/htm
dc.rights © The Author(s) 2019. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited en
dc.rights.uri https://creativecommons.org/licenses/by/4.0/ en
dc.subject Energy en
dc.subject Blockchain en
dc.subject Smart grid en
dc.subject Microgrid en
dc.title A systematic analysis of real-world energy blockchain Initiatives en
dc.type Article (peer-reviewed) en
dc.internal.authorcontactother Peter O'Donovan, IERG, University College Cork, Cork, Ireland. +353-21-490-3000 en
dc.internal.availability Full text available en
dc.description.version Published Version en
dc.description.status Peer reviewed en
dc.identifier.journaltitle Future Internet en
dc.internal.IRISemailaddress dominic.osullivan@ucc.ie en
dc.identifier.articleid 174 en
dc.identifier.eissn 1999-5903


Files in this item

This item appears in the following Collection(s)

Show simple item record

© The Author(s) 2019. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited Except where otherwise noted, this item's license is described as © The Author(s) 2019. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
This website uses cookies. By using this website, you consent to the use of cookies in accordance with the UCC Privacy and Cookies Statement. For more information about cookies and how you can disable them, visit our Privacy and Cookies statement