Blockchain for energy trading by Jorge Alvarado Blockchain

Blockchain for energy trading by Jorge Alvarado Blockchain Solutions Architect ELCA Informatique, Switzerland 30 TH UN CENTRE FOR TRADE FACILITATION AND E-BUSINESS (UN/CEFACT) FORUM

changes in the energy industry 2 D decentralization Transmission of electricity over long distances is wasteful, emergence of prosumers and prosumagers, regulations encouraging microgrids. 1 D decarbonization Global initiatives to reduce the effects of global warming are expected to discourage the use of fossil fuels 3 D digitization decades-oldinfrastructure is phasing out and replaced by new modern software-powered management, as well as surge of smart meters enhances the quality of electricity-related data

06 blockchain features with direct impact on energy trading 05 03. digital signatures alice cannot send a message to bob and then deny ever sending it 02. fault tolerant no central server therefore the network is more resistant to be taken down. 01. resistant to collusion no central authority or supreme elite can take unilateral decisions 01 02 03 04 06. smart contracts computer code that is permanently running in the blockchain network with its own autonomy 05. tokens resistant to double spending a token is a smart contract that behaves like a physical metal coin, it can only be in one wallet at any time 04. resistant to modification every new data block appended is cryptographically tied to the previous entries, modifying the block history is computationally expensive

opportunities to use blockchain on energy trading peer-to-peer energy marketplaces people able to sell/buy their own energy m 2 m energy economy smart batteries sell directly to other smart devices sectorial energy blockchain a sectorial blockchain interconnected with other blockchains (finance, supply chain, etc) semi-connected devices use pay-as-you -go mobile economy for micro purchases of electricity in the poorest regions of the world manage demand-side response orchestrate household demand to reduce consumption spikes on electricity grids carbon credits tracking tokens used as mechanism to enforce global climate initiatives transparent pricing/billing consumption tracked transparently, reducing risks of fraud energy communities management decentralized apps to manage communities of zero-net energy buildings

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