 The development of energy blockchain and its implications for China's energy sectorShuai Zhu, Malin Song, Ming Kim Lim, Jianlin Wang and Jiajia Zhao Resources Policy, 2020, vol. 66, issue C Abstract: With technology progressing and the decreasing cost of renewable energy, consumers require energy supply to be smarter, cleaner, and more sustainable than before. By providing a decentralized trading mechanism, blockchain technology can facilitate sustainable energy consumption and achieve a circular economy. This study analyzes how China can employ blockchain technology to reform its energy sector. We survey the progress of blockchain technology in the energy sector and explore typical cases of energy blockchains in the world. We discuss the advantages and disadvantages of applying blockchain to China's energy sector. China's monopoly market structure in energy supply impedes the application of blockchain technology, but the expansion of clean energy provides a huge opportunity for it. Although China's technological level is lagging, the biggest obstacle is not technology but rather policy. We conclude that China should loosen its regulatory environment, amend the relevant laws, and balance the conflict between management and innovation. Keywords: Energy blockchain; Distributed energy; Energy production; Regulation policy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:66:y:2020:i:c:s0301420719307391 DOI: 10.1016/j.resourpol.2020.101595 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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