Application of Blockchain in Energy and Power Business

Abstract

Abstract As a decentralized, open, transparent, fair and peer-to-peer distributed database technology, blockchain has the technical characteristics of anti-counterfeiting, anti tampering, traceability and efficiency improvement, which had attracted the attention of many industries including energy and power industry. This paper first analyzed the pain points such as data security sharing, power transaction security and power transaction mode and so on, in current energy and power business, expounded the role of blockchain in solving the above business pain points. Then designed an application framework of blockchain in power business, and illustrated power transaction and supply chain finance to describe the application of blockchain. Finally, prospected the application prospect of blockchain in power industry.