The role of various market participants in blockchain business model

Saber Talari; Hosna Khajeh; Miadreza Shafie-khah; Barry Hayes; Hannu Laaksonen; João P.S. Catalão

doi:10.1016/B978-0-12-817862-1.00005-1

The role of various market participants in blockchain business model

Saber Talari
, Hosna Khajeh
, Miadreza Shafie-khah
, Barry Hayes
, Hannu Laaksonen
, João P.S. Catalão

Research output: Chapter in Book/Report/Conference proceedings › Chapter › peer-review

Abstract

Decentralization of energy network is the way that production will be close to consumption. It reduces energy lost and carbon emission thanks to applying more DERs and RESs especially wind turbines and PV systems. Moreover the reliability, sustainability, and stability of the network will increase thanks to local production instead of central power plants. Decentralization can be performed by various market schemes based on available infrastructure and technologies in a region. Accordingly, blockchain can better integrate current market players to provide energy balance. Moreover, it can incentivized new players through special smart contracts. For example, electric vehicles (EVs) can be paid for their active role as energy supplier or demand response provider. This chapter studies the role of market participants in new structure of business model within blockchain-based platform.

Original language	English
Title of host publication	Blockchain-based Smart Grids
Publisher	Elsevier
Pages	75-102
Number of pages	28
ISBN (Electronic)	9780128178621
ISBN (Print)	9780128178638
DOIs	https://doi.org/10.1016/B978-0-12-817862-1.00005-1
Publication status	Published - 1 Jan 2020

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Blockchain
Electrical business model
P2P trading model
Prosumers
Virtual power plants

Access to Document

10.1016/B978-0-12-817862-1.00005-1

Cite this

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title = "The role of various market participants in blockchain business model",

abstract = "Decentralization of energy network is the way that production will be close to consumption. It reduces energy lost and carbon emission thanks to applying more DERs and RESs especially wind turbines and PV systems. Moreover the reliability, sustainability, and stability of the network will increase thanks to local production instead of central power plants. Decentralization can be performed by various market schemes based on available infrastructure and technologies in a region. Accordingly, blockchain can better integrate current market players to provide energy balance. Moreover, it can incentivized new players through special smart contracts. For example, electric vehicles (EVs) can be paid for their active role as energy supplier or demand response provider. This chapter studies the role of market participants in new structure of business model within blockchain-based platform.",

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T1 - The role of various market participants in blockchain business model

AU - Talari, Saber

AU - Khajeh, Hosna

AU - Shafie-khah, Miadreza

AU - Hayes, Barry

AU - Laaksonen, Hannu

AU - Catalão, João P.S.

PY - 2020/1/1

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N2 - Decentralization of energy network is the way that production will be close to consumption. It reduces energy lost and carbon emission thanks to applying more DERs and RESs especially wind turbines and PV systems. Moreover the reliability, sustainability, and stability of the network will increase thanks to local production instead of central power plants. Decentralization can be performed by various market schemes based on available infrastructure and technologies in a region. Accordingly, blockchain can better integrate current market players to provide energy balance. Moreover, it can incentivized new players through special smart contracts. For example, electric vehicles (EVs) can be paid for their active role as energy supplier or demand response provider. This chapter studies the role of market participants in new structure of business model within blockchain-based platform.

AB - Decentralization of energy network is the way that production will be close to consumption. It reduces energy lost and carbon emission thanks to applying more DERs and RESs especially wind turbines and PV systems. Moreover the reliability, sustainability, and stability of the network will increase thanks to local production instead of central power plants. Decentralization can be performed by various market schemes based on available infrastructure and technologies in a region. Accordingly, blockchain can better integrate current market players to provide energy balance. Moreover, it can incentivized new players through special smart contracts. For example, electric vehicles (EVs) can be paid for their active role as energy supplier or demand response provider. This chapter studies the role of market participants in new structure of business model within blockchain-based platform.

KW - Blockchain

KW - Electrical business model

KW - P2P trading model

KW - Prosumers

KW - Virtual power plants

UR - https://www.scopus.com/pages/publications/85118407314

U2 - 10.1016/B978-0-12-817862-1.00005-1

DO - 10.1016/B978-0-12-817862-1.00005-1

M3 - Chapter

AN - SCOPUS:85118407314

SN - 9780128178638

SP - 75

EP - 102

BT - Blockchain-based Smart Grids

PB - Elsevier

ER -

The role of various market participants in blockchain business model

Abstract

UN SDGs

Keywords

Access to Document

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