TY - JOUR
T1 - Leveraging Blockchain for Energy Transition in Urban Contexts
AU - Montakhabi, Mehdi
AU - Madhusudan, Akash
AU - Mustafa, Mustafa A.
AU - Vanhaverbeke, Wim
AU - Almirall, Esteve
AU - Graaf, Shenja Van Der
N1 - Funding Information:
This work was supported in part by the Research Council KU-Leuven: C16/15/058 and by the Flemish Government through FWO SBO project SNIPPET S007619. Mustafa A Mustafa is funded by the Dame Kathleen Ollerenshaw Fellowship awarded by The University of Manchester.
Publisher Copyright:
© The Author(s) 2023.
PY - 2023/7
Y1 - 2023/7
N2 - 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.
AB - 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.
UR - https://cris.vub.be/en/publications/leveraging-blockchain-for-energy-transition-in-urban-contexts(32f24310-cb18-4135-885e-ca91e17e09de).html
U2 - 10.1177/20539517231205503
DO - 10.1177/20539517231205503
M3 - Article
SN - 2053-9517
VL - 10
JO - Big Data & Society
JF - Big Data & Society
IS - 2
ER -
