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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Application Research Based on Blockchain Technology in the Field of Energy Saving

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DOI: 10.25236/iwmecs.2020.021


Pak Wan Sum Edward

Corresponding Author

Pak Wan Sum Edward


Blockchain has the characteristics of decentralization, openness and transparency, reorganization, and uncorrectable data modification. It can establish trust between participating entities that do not trust each other in a distributed scenario. Application scenarios, such as distributed energy transactions, regional microgrids, energy rights trading, renewable energy certificates, etc. The application of blockchain technology in the field of distributed energy has landed multiple projects. Related parties can use information and communication technology to interconnect to achieve authorization and interaction. All operations and contracts in the transaction will be recorded and converted, and the data cannot be tampered with. Mutual trust between the parties involved in the transaction. In view of the difficulties in sharing energy-saving benefits, difficulty in promoting energy-saving technologies, difficulty in financing, and difficulty in supervision of energy consumption and energy-saving effects in contracted energy management projects in the energy-saving field, how does blockchain energy-saving application technology solve the information asymmetry between two parties and multiple parties, and the data is untrustworthy The crux of the problem is to promote disruptive innovation in traditional energy-saving mechanisms and methods. Technology and energy and energy-saving industries have a very high degree of fit in many aspects and fields, “chain + energy-saving” has a very broad application space.


Blockchain, Distributed energy transactions, Grid contracts, Energy management, Energy-saving applications