Emerging Technology of Blockchain for Energy Sector

Abstract

Since the Bitcoin whitepaper was published in 2009, blockchain has been the technology of the decade. This revolutionary technology assures decentralization and immutability, which helps in fraud-prevention. In addition, it provides independence from central coordination entities which further ensures transparency and accountability. Like many other sectors, there are various uses of blockchain in the energy sector such as in energy trading, smart meter, and micro grid. The current landscape study is based on qualitative exploratory research methodology and focuses on the patenting activity for the use case of blockchain in the energy/power sector.