Harnessing DLT in the Energy Sector - Exploring Potential, Use Cases, Standardization, and Global Perspectives
Creators: Farrokh Rahimi
David Sebastian Cardenas
Christopher  Gorog
Masoud Nazari
Publisher: name: IEEE
Year: 2024

The paradigm shift in modern energy systems, combined with the proliferation of Distributed Ledger Technology (DLT) like blockchain, promises disruptive innovations in the way we produce, distribute, and consume energy. These systems are lauded for their potential to bring about greater transparency, security, and efficiency to the energy sector. But where does the true potential lie, and how are international entities like IEEE driving these innovations?  This panel aims to delve deep into the symbiotic relationship between energy and DLT, dissecting use cases, ongoing standardization efforts, and the global landscape of markets, research, and demonstration projects. Emphasis will be placed on the P 2418.6 Working Group and IEEE SA initiatives that shape the course of these technological revolutions. By shedding light on the symbiotic potential of DLT and energy, this panel aims to inspire participants to reimagine the energy landscape. Attendees will be equipped with knowledge, insights, and the latest trends, enabling them to navigate and contribute to the future of energy systems. The session will feature a mix of renowned scholars, industry experts, and practitioners who have been at the forefront of DLT and energy intersections. They will bring forth varied perspectives, from technical nuances to market dynamics, offering attendees a holistic understanding of the topic. The panel will cover the following topics: • DLT in Energy: The Promise and the Hype - An overview of the potential of DLT in energy: from decentralized grids to peer-to-peer energy trading. • Real-world Use Cases - Exploring case studies where DLT has transformed energy practices and discerning the lessons learned. • P 2418.6 Working Group Activities and Standardization - Unraveling the standardization efforts, their importance, challenges, and progress. • The Global Landscape - Analyzing the trends in research, market dynamics, and demonstration projects across the globe. • IEEE's Role and Vision - Highlighting IEEE's initiatives, their significance, and expected outcomes in amalgamating DLT and energy.
The paradigm shift in modern energy systems, combined with the proliferation of Distributed Ledger Technology (DLT) like blockchain, promises disruptive innovations in the way we produce, distribute, and consume energy. These systems are lauded for their potential to bring about greater transparency, security, and efficiency to the energy sector. But where does the true potential lie, and how are international entities like IEEE driving these innovations?  This panel aims to delve deep into the symbiotic relationship between energy and DLT, dissecting use cases, ongoing standardization efforts, and the global landscape of markets, research, and demonstration projects. Emphasis will be placed on the P 2418.6 Working Group and IEEE SA initiatives that shape the course of these technological revolutions. By shedding light on the symbiotic potential of DLT and energy, this panel aims to inspire participants to reimagine the energy landscape. Attendees will be equipped with knowledge, insights, and the latest trends, enabling them to navigate and contribute to the future of energy systems. The session will feature a mix of renowned scholars, industry experts, and practitioners who have been at the forefront of DLT and energy intersections. They will bring forth varied perspectives, from technical nuances to market dynamics, offering attendees a holistic understanding of the topic. The panel will cover the following topics: • DLT in Energy: The Promise and the Hype - An overview of the potential of DLT in energy: from decentralized grids to peer-to-peer energy trading. • Real-world Use Cases - Exploring case studies where DLT has transformed energy practices and discerning the lessons learned. • P 2418.6 Working Group Activities and Standardization - Unraveling the standardization efforts, their importance, challenges, and progress. • The Global Landscape - Analyzing the trends in research, market dynamics, and demonstration projects across the globe. • IEEE's Role and Vision - Highlighting IEEE's initiatives, their significance, and expected outcomes in amalgamating DLT and energy.