Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Naturearrow_drop_down
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
Nature
Article
Data sources: UnpayWall
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Nature
Article . 2017 . Peer-reviewed
License: Springer Nature TDM
Data sources: Crossref
Nature
Article . 2017
versions View all 2 versions
addClaim

This Research product is the result of merged Research products in OpenAIRE.

You have already added 0 works in your ORCID record related to the merged Research product.

Crypto-control your own energy supply

Authors: David Flynn; Valentin Robu; Merlinda Andoni;

Crypto-control your own energy supply

Abstract

Blockchains — open distributed ledgers of transactions — are emerging as an important technology for tackling community energy issues and the integration of renewable energy (see also G. Chapron Nature 545, 403–405; 2017). Consumers are increasingly generating their own energy by investing in solar panels and micro-wind installations. In Scotland, for example, more than 300 community energy projects are in operation (go.nature.com/2vp2ypq). Blockchains operate in a decentralized way that allows individual consumers to trade energy with each other. This removes the need for an intermediary utility company, thus assuring competition is fair. Blockchains ensure that the energy supply is traceable and that demand in one area is met by locally sourced renewable energy, where feasible. This peer-to-peer electron trading reduces carbon footprints and keeps revenues in the community. Blockchain-enabled 'smart contracts' guarantee that agreements between individuals are automatically implemented. The technology is still in its infancy. However, major challenges such as the computational cost of verifying transactions are being overcome — for example, by using algorithmic solutions to verify transactions in a distributed way.

Related Organizations
Keywords

Conservation of Energy Resources

  • BIP!
    Impact byBIP!
    citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    31
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 1%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
Powered by OpenAIRE graph
Found an issue? Give us feedback
citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
31
Top 1%
Top 10%
Top 10%
bronze