Blockchain Technology, Regulatory Environment and Competitive Edge in Renewable Energy Sector in Kenya: A Systematic Literature Review

Brian Wakasala
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Brian Wakasala: Department of Economics, Finance and Accounting, KIBABII UNIVERSITY

International Journal of Latest Technology in Engineering, Management & Applied Science, 2024, vol. 13, issue 12, 307-317

Abstract: This systematic review of literature bears the objective of exploring the potential of transformative novel blockchain technology, its regulation, and the substantive impact it bears on renewable energy firms' competitive advantage. The study provides a minutiae of the current trends in research, their implications, and blockchain implementation and innovation between 2019 to 2024. The methodology comprised a comprehensive search of scholarly databases, selection, and analysis of the relevant research studies. The findings revealed that Blockchain is essential based on its transparency, traceability, data privacy, and decentralization features which enhance trust, transparency, and traceability across the supply chain. Furthermore, blockchain technology is relevant in the renewable energy sector in Kenya ranging from p2p trading platforms, digitization by IoT, E-mobility, and decentralized trading platforms. The distributed ledger technology is a promising disruption for a wide area of service and product management in the energy sector ranging from the producers, transmitters, regulators, and distributors involved. The review concludes with future research recommendations and the practical implications for the industry players and the regulators.

Date: 2024
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