A study on blockchain technology

Sri, P. S. G. Aruna; Bhaskari, D. Lalitha

doi:10.14419/ijet.v7i2.7.10757

Cited by 11 publications

(4 citation statements)

References 8 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Blockchain technology occupies a prime position among digital technologies. It is used to power decentralised storage and sharing of transactional data across a large peer-to-peer network, where non-trusting members are able to interact with each other without an intermediary in a verifiable manner [66]. The technology is a distributed ledger that may be anonymous and permissionless.…”

Section: Blockchain Technology In the Energy Sectormentioning

confidence: 99%

Digitalisation and sustainable energy transitions in Africa: assessing the impact of policy and regulatory environments on the energy sector in Nigeria and South Africa

Nwaiwu

2021

Energ Sustain Soc

View full text Add to dashboard Cite

Background Digital technologies have unique characteristics for achieving radically disruptive transitions within the energy sector. They provide opportunities for new production and consumption models between micro-producers and consumers of electricity within communities in a way that transforms the traditional energy generation and consumption model. The study critically assessed the digitalisation of energy systems in Africa within the context of existing policy frameworks in the quest to achieve sustainable energy transitions in Africa. It investigated how digital technologies such as blockchain, digital platforms and smart grids were adopted and implemented within the energy sector to achieve new energy production and consumption models that are both environmentally sustainable and socially inclusive. This assessment was done within the context of existing policy and regulatory frameworks of the society where the use cases were domiciled. Methods The aim of the research was to investigate how sustainable energy transitions are being achieved in Nigeria and South Africa through the digitalisation of energy systems. A qualitative methodological approach was done in three stages—a document analysis that reviewed relevant literature on the energy sector policies in Nigeria and South Africa; the next step involved a comparative case study conducted to assess the characteristics of digital technology deployment in each country’s energy transition. Finally, outcomes of the comparative case studies were then situated within the context of existing policies within the countries covered by the study. Results Results from the research indicate that Africa is still in the early stages of adoption and application of digital technologies such as blockchain and smart grids within the energy sector. The results also showed a disconnect between the policy environment and industry efforts at achieving this. The current applications as exemplified in the use cases by the three companies covered in this study indicates that Africa's sustainable energy transition is in a rudimentary or early adoption stage, and they are not currently aided by the policy environments in which such projects are domiciled. Conclusions The research provides deep insights into the current state and developments within the energy sector especially in relation to how digital technologies are being adopted and implemented in solving the energy poverty prevalent across sub-Saharan Africa.

show abstract

Section: Blockchain Technology In the Energy Sectormentioning

confidence: 99%

Digitalisation and sustainable energy transitions in Africa: assessing the impact of policy and regulatory environments on the energy sector in Nigeria and South Africa

Nwaiwu

2021

Energ Sustain Soc

View full text Add to dashboard Cite

show abstract

“…Blockchain technology occupies a prime position among digital technologies, it is used to power decentralised storage and sharing of transactional data across a large peer to peer network, where nontrusting members are able to interact with each other without an intermediary, in a veri able manner [61]. Blockchain technology is presently broadening borders and expectations due to its characteristics of immutability, decentralization, and time-stamped record keeping.…”

Section: Blockchain Technology In the Energy Sectormentioning

confidence: 99%

“…This type of Blockchain network has a higher scalability (faster) and provides more privacy for transactions. Federated Blockchains are mainly used by companies within the nancial services industry [61,66,67].…”

Section: Blockchain Technology In the Energy Sectormentioning

confidence: 99%

Digitalisation of Energy Systems within the Context of Existing Policy Frameworks: An Assessment of Sustainable Energy Transitions in Africa

Nwaiwu

2021

Preprint

View full text Add to dashboard Cite

BackgroundDigital technologies have unique characteristics for achieving radically disruptive transitions within the energy sector. They provide opportunities for new production and consumption models between micro producers and consumers of electricity within communities in a way that transforms the traditional energy generation and consumption model. The study critically assessed the digitalisation of energy systems in Africa within the context of existing policy frameworks in the quest to achieve sustainable energy transitions in Africa. It investigated how digital technologies such as blockchain, digital platforms and smart grids were adopted and implemented within the energy sector in achieving new energy production and consumption models that are both environmentally sustainable and socially inclusive, this assessment was done within the context of existing policy and regulatory frameworks of the society where the use cases were domiciled. MethodsThe research adopted a qualitative methodological approach which was done in three stages - a document analysis that reviewed relevant literature on the energy sector and policies within the sector for Nigeria and South Africa; the next step involved a comparative case study is conducted to assess the characteristics of how digital technologies was deployed in mediating sustainable energy transitions; finally, the outcomes of the comparative case studies was then situated within the context of existing policies within the countries covered by the study ResultsResults from the research indicate that Africa is still in the early stages of adoption and application of digital technologies such as blockchain and smart grids within the energy sector, the results also showed the disconnect between policy environment and industry efforts in achieving digital technologies mediated sustainable energy transitions in Africa. The current applications as exemplified in the use cases by the three companies covered in this study indicates that Africa's sustainable energy transitions is in a rudimentary or early adoption stage, and they are not currently aided by the policy environments in which such projects are domiciled.ConclusionsThe research provides deep insights into the current state and developments within the energy sector especially in relations to how digital technologies are being adopted and implemented in solving the energy poverty prevalent across sub-Saharan Africa.

show abstract

“…Blockchain is a global database mechanism, which someone can employ somewhere with an internet connection. The blockchain system does not depend on anyone similar to the conventional database [8].…”

Section: Blockchain Architecturementioning

confidence: 99%

Recent Trends in Blockchain Technology

Sastry

Banik

2021

Computational Intelligence in Pattern Recognition

View full text Add to dashboard Cite

In recent decades, blockchain is a leading central concept similar to the internet's growth in 1990. However, it has some drawbacks, particularly in the security area. In this paper, the blockchain security structure had been summarized by conducting a detailed survey. The discussion on how to defend against particular security threats and challenges with blockchain technology's security mechanism has been analyzed and presented. Moreover, the applications of blockchain system and their different security problems are also presented in this paper. Even though the blockchain technology concept is more consistent and provides trusted services, this novel approach regarding security and challenges plays a significant role.

show abstract

A study on blockchain technology

Cited by 11 publications

References 8 publications

Digitalisation and sustainable energy transitions in Africa: assessing the impact of policy and regulatory environments on the energy sector in Nigeria and South Africa

Digitalisation and sustainable energy transitions in Africa: assessing the impact of policy and regulatory environments on the energy sector in Nigeria and South Africa

Digitalisation of Energy Systems within the Context of Existing Policy Frameworks: An Assessment of Sustainable Energy Transitions in Africa

Recent Trends in Blockchain Technology

Contact Info

Product

Resources

About