DLT / Blockchain in Transactive Energy Use Cases Segmentation and Standardization Framework

Abstract

Transactive Energy Systems are designed by taking advantage of the advanced control and economic operational functionalities to dynamically balance the electrical demand and supply within the electrical grid using advanced information and communication technologies. Distributed Ledger Technology (DLT), in particular blockchain, is considered one of the promising emerging technologies which is likely to transform the future business and social consumer behavior in several industrial segments. In this paper we present blockchain in Energy use cases segmentation and the associated standardization framework activities which are carried out by IEEE Standards Association (SA).