Blockchain for Energy Utilities

Abstract

Blockchain technology is disrupting the business landscape in many industries. Energy sector is conservative and has specific reliability and security requirements therefore the possible application range is relatively narrow. Authors research the benefits and shortcomings of the applied blockchain technology and suggest the possible areas in energy sector to develop the solutions based on blockchain principles. Usability of blockchain principles is under research and proper aim has to be defined in order to follow the energy utility goals. The aim od the article is to define the environment and methodology for application of blochchain principles for solving operational technology challenges at energy utilities. Authors also define the possible threats that do not enable fast technology adoption in power utilitiesbiggest of which is cyber security.