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International Journal of Sustainable Energy
Article . 2023 . Peer-reviewed
License: CC BY
Data sources: Crossref
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Barriers to blockchain-based decentralised energy trading: a systematic review

Authors: Karumba, Samuel; Sethuvenkatraman, Subbu; Dedeoglu, Volkan; Jurdak, Raja; Kanhere, Salil;

Barriers to blockchain-based decentralised energy trading: a systematic review

Abstract

The increasing adoption of clean energy technologies, including solar and wind generation, demand response, energy efficiency, and energy storage (e.g. batteries and electric vehicles) have led to the evolution of the traditional electricity markets from centralised energy trading systems into Distributed Energy Trading (DET) systems. Consequently, savvy business executives are exploring how blockchain might impact their competitive advantage in the emerging DET markets. Due to its salient features of distributed ledger, consensus mechanisms, cryptography, and smart contracts, blockchain technology is being used to provide decentralised trust, immutability, security and privacy, and transparency in DET system. However, integrating blockchain in DET systems is facing technical, administrative, standardisation and economic barriers. Consequently, we seek to conduct a comprehensive market analysis to identify the specific challenges hindering the integration of blockchain in DET systems. Nonetheless, we noticed that there isn't any evaluation and review framework for conducting a systematic literature review on blockchain-based DET systems. Therefore, in this work we first proposed a conceptual evaluation and review framework for conducting a systematic literature review on blockchain-based DET systems. Then, using the proposed framework, we reviewed the current studies on blockchain-based DET systems to the identify specific challenges hindering the adoption of blockchain and their proposed solutions. Our review found that, although there has been tremendous progress in addressing the technical barriers, the administrative, standardisation and economic barriers have grossly been under reviewed.

Country
Australia
Related Organizations
Keywords

distributed energy trading, 330, TJ807-830, blockchain challenges, market models cyber-physical system, Renewable energy sources, smart grids

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    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).
    30
    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 10%
    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%
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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!
30
Top 10%
Top 10%
Top 10%
gold