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Regular version of the site
Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Vlada Brilliantova
The Application of the Blockchain for the Energy Sector
2018
This paper addresses the emergence of the blockchain technology in the energy sector. In the light of the ongoing energy market transformation, we acknowledge the importance of a group of emerging technologies that might deliver solutions meeting the changing requirements of the sector.

Hence, this research contributes to the understanding of the blockchain technology and the current changes observed in the energy sector. The author matches the transforming needs of energy production and trading to the blockchain functionality and performs a holistic overview of the energy-related blockchain applications using a variety of sources, namely academic and non-academic literature, expert interviews, a case study of a start-up and industry-level desk research. The academic literature search was conducted across all major databases, as well as research repositories, and aims at identifying the blockchain’s role in the energy field. Furthermore, the literature review analysis is extended over up-to-date non-academic sources.

As a result, the study presents a systematic overview of current and potential blockchain applications in the energy sector and schematically discusses the dimensions of the power sector that might benefit from the integration of blockchain technologies. The industry level analysis is complemented with the investigation into the economic value generated by the blockchain on a firm level through a case study of Energo Labs. Besides, the paper provides the expert-based vision of the future energy landscape in the context of the blockchain advent, including particular implications of the blockchain adoption and major challenges related to the blockchain application in the field. In addition, the present study considers the perspectives of the blockchain technology applied to Russia’s energy sector. To conclude, this exploratory research outlines the avenues for further research in the technological, regulatory and business trajectories.

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