Applying blockchain technology to decentralized operation in future energy internet

Abstract

This paper presents the potential application of the blockchain technology in future Energy Internet operation, which would be more decentralized and self-executing. A blockchain system could solve several problems in the newly emerged scenarios with the support of the consensus mechanism, encryption methods and validation mechanism. Applying blockchains in decetralized operational framework of energy internet will bring the system with a more secure, flexible and low-cost operational solution.