Research on the Application of Blockchain in the Energy Power Industry in China

Abstract

Blockchain technology has worked over the years and is being successfully applied in finance industry. The characteristics of decentralization, openness, immutability and security provide a natural solution to the distributed autonomy management for diverse energy sources and the transaction between a wide range of participants in the energy power industry. This paper introduces the current development status and the research on the application of blockchain technology in this industry in China from the aspects of demand response, point-to-point transaction and distributed energy resource. Existed problems and suggestions are concluded for the future studies.