A comprehensive review of energy blockchain: Application scenarios and development trends

International Journal of Energy ResearchVolume 45, Issue 12 p. 17515-17531 REVIEW PAPER A comprehensive review of energy blockchain: Application scenarios and development trends Fei Teng, Fei Teng School of Economics and Management, China University of Petroleum-Beijing, Beijing, China Academy of Chinese Energy Strategy, China University of Petroleum-Beijing, Beijing, China National Science Library, Chinese Academy of Sciences, Beijing, ChinaSearch for more papers by this authorQi Zhang, Corresponding Author Qi Zhang [email protected] orcid.org/0000-0003-0254-8371 School of Economics and Management, China University of Petroleum-Beijing, Beijing, China Academy of Chinese Energy Strategy, China University of Petroleum-Beijing, Beijing, China Correspondence Qi Zhang, School of Economics and Management, China University of Petroleum-Beijing, Changping, Beijing 102249, China. Email: [email protected]Search for more papers by this authorGe Wang, Ge Wang School of Economics and Management, North China Electric Power University, Beijing, ChinaSearch for more papers by this authorJiangfeng Liu, Jiangfeng Liu School of Economics and Management, China University of Petroleum-Beijing, Beijing, China Academy of Chinese Energy Strategy, China University of Petroleum-Beijing, Beijing, ChinaSearch for more papers by this authorHailong Li, Hailong Li MDH, Västerås, SwedenSearch for more papers by this author Fei Teng, Fei Teng School of Economics and Management, China University of Petroleum-Beijing, Beijing, China Academy of Chinese Energy Strategy, China University of Petroleum-Beijing, Beijing, China National Science Library, Chinese Academy of Sciences, Beijing, ChinaSearch for more papers by this authorQi Zhang, Corresponding Author Qi Zhang [email protected] orcid.org/0000-0003-0254-8371 School of Economics and Management, China University of Petroleum-Beijing, Beijing, China Academy of Chinese Energy Strategy, China University of Petroleum-Beijing, Beijing, China Correspondence Qi Zhang, School of Economics and Management, China University of Petroleum-Beijing, Changping, Beijing 102249, China. Email: [email protected]Search for more papers by this authorGe Wang, Ge Wang School of Economics and Management, North China Electric Power University, Beijing, ChinaSearch for more papers by this authorJiangfeng Liu, Jiangfeng Liu School of Economics and Management, China University of Petroleum-Beijing, Beijing, China Academy of Chinese Energy Strategy, China University of Petroleum-Beijing, Beijing, ChinaSearch for more papers by this authorHailong Li, Hailong Li MDH, Västerås, SwedenSearch for more papers by this author First published: 27 July 2021 https://doi.org/10.1002/er.7109 Funding information: National Social Science Foundation of China, Grant/Award Number: 21ZDA030; National Natural Science Foundation of China, Grant/Award Numbers: 71774171, 71974197 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Summary The disruptive nature of blockchain technology has drawn considerable interest from different types of stakeholders. It is adopted in numerous sectors with the ability to openly and securely verify, track, and exchange data. The energy blockchain, a term used when blockchain technology is applied in the energy sector, is considered as having the potential to develop a decentralized, digitized, and decarbonized energy management system. The article presents an overview of the development progress from three perspectives, including academic research, the deployment of companies and pilot projects, and government support policies. Then a different taxonomy is developed to demonstrate and highlighted the different applications. Finally, the future trends and challenges hindering the effective implementation of energy blockchain are discussed. The results show that energy blockchain is an effective innovation technology to accelerate the transformation of global energy structure. Multinational cooperation and government-leading are the basis of large-scale deployment of energy blockchain. The improvement of regulatory mechanisms and standards is the key to the commercial application of energy blockchain. This study is a comprehensive analysis of energy blockchain applications, which is expected to support decision making for its future development. Volume45, Issue12Special Issue: Environmentally Friendly Energy Solutions10 October 2021Pages 17515-17531 RelatedInformation