Digitalization of energy sector: the potentials of blockchain technology, cryptocurrencies & artificial intelligence

Abstract

The purpose of this Master Thesis is to decode and describe the most fundamental potentials of Blockchain, Cryptoassets/Cryptocurrencies and Artificial Intelligence while determining the usefulness of all those technological achievements in the Energy sector. The digitalization of energy market will be at the core of political debates in the near future as the sustainability of the aforementioned industry will be achieved through constant reformations of energy generation, transmission and trading stages. The research executed for this paper was based on case study soliciting and on research of multiple academic papers and books written by modern technology experts. Developments in modern technology are so rapid that every year we have to assess the obsolescence of an application and what can be further done in order to help its users. This paper aims at presenting what kind of technological inventions can be useful and how we can integrate the components of modern technologies to ameliorate our level of life in 2019.