Leveraging Blockchain for Energy Transition in Urban Contexts

Mehdi Montakhabi*, Akash Madhusudan, Mustafa A. Mustafa, Wim Vanhaverbeke, Esteve Almirall, Shenja Van Der Graaf

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

3 Citations (Scopus)
18 Downloads (Pure)

Abstract

This article explores the potential of leveraging blockchain technology to facilitate energy transition within urban settings. It explores three innovative market models -- peer-to-peer, community self-consumption, and transactive energy -- which hold promise for a shift in (local) electricity trading due to decentralized and digital transactional characteristics. Utilizing a scenario building framework, this research scrutinizes these market models, their corresponding trading mechanisms, and the advantages and disadvantages of implementing blockchain technology. The results provide valuable insights into investment necessities, market democratization, service quality and reliability, urban governance, civic engagement and citizenry welfare. Consequently, this study offers a novel conceptualization of market models, laying the groundwork for a systematic understanding of blockchain’s potentiality in ecosystem governance in the context of energy transition.
Original languageEnglish
JournalBig Data & Society
Volume10
Issue number2
DOIs
Publication statusPublished - Jul 2023

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