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Climate Notes: Blockchain – Potential and Challenges for the Electricity Market

Author

Listed:
  • Gresa Kastrati
  • Christoph Weissbart

Abstract

In many sectors ongoing digitalisation will lead to a stronger involvement of households and thus to decentralised software applications. In the energy sector, and especially in the electricity sector, the continuous expansion of decentral generation also calls for the improved coordination of regional supply and demand. In this context, blockchain technology is seen as a promising instrument for handling local trade flows and/or transactions more efficiently.

Suggested Citation

  • Gresa Kastrati & Christoph Weissbart, 2016. "Climate Notes: Blockchain – Potential and Challenges for the Electricity Market," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(23), pages 74-77, December.
    • Handle: RePEc:ces:ifosdt:v:69:y:2016:i:23:p:74-77
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    File URL: https://www.ifo.de/DocDL/sd-2016-23-kastrati-weissbart-kzk-blockchain-2016-12-08.pdf
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    More about this item

    JEL classification:

    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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