Advanced information technology for development of electric power market

Afanasyev, V. Y.; Chernyshenko, Vsevolod; Кузьмин, В. В.; Voronin, Viacheslav; Mkrttchian, Vardan

doi:10.1007/s00170-021-07324-8

Cited by 6 publications

(4 citation statements)

References 3 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Like any technology, blockchain is constantly evolving. Further research can be carried out in several directions [12].…”

Section: Discussionmentioning

confidence: 99%

“…Blockchain creates prerequisites for the decentralization of the energy market [11], which is long overdue. The decentralization has especially advanced in the electricity market, where producers and consumers can be geographically close and do not need in a centralized intermediary [12]. This is especially true for alternative sources of energy (solar, wind, etc.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Perspective Chapter: Blockchain Technology in the Field of Energetics – Organization of Effective Energy Market

Чернышенко¹,

Afanasyev²,

Mkrttchian³

et al. 2023

Blockchain Applications - Transforming Industries, Enhancing Security, and Addressing Ethical Considerations

View full text Add to dashboard Cite

The article is devoted to the topic of blockchain applications in the field of energetics. A role of the technology in the digital economy development has been discussed; corresponding examples from Russian, Chinese, Estonian experience have been presented. A synergy between usage of blockchain and other information technology such as big data, intelligent avatars and the Internet of things has been demonstrated. Implementation of the blockchain technology into the functional scheme of the energy market has been proposed as a ways to ensure its decentralization and openness. Energy supply contracts can be negotiated directly between producers and consumers without intermediaries, so all the market actors have a high level of autonomy in purchasing and selling. The technology provides services for preparation and issuance of necessary invoices, as well as for making settlements for the entire transaction. Blockchain technology ensures economic and information security of transaction participants and includes convenient tools for realization of their market activities. Difficulties and risks, connected with the technology implementation, have been discussed, as well as main ways of its further development.

show abstract

“…Like any technology, blockchain is constantly evolving. Further research can be carried out in several directions [12].…”

Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Perspective Chapter: Blockchain Technology in the Field of Energetics – Organization of Effective Energy Market

Чернышенко¹,

Afanasyev²,

Mkrttchian³

et al. 2023

Blockchain Applications - Transforming Industries, Enhancing Security, and Addressing Ethical Considerations

View full text Add to dashboard Cite

show abstract

“…Digital technologies such as AI and blockchain are within the scope of System Dynamics modelling (Bhattacharyya & Nair, 2019 ). In addition, such digital interventions are useful for investigating the dynamics of systems like supply chains (Afanasyev et al, 2022 ). Therefore, we captured the structural interdependencies among AI, BCT, and supply chains through a group model building process grounded in the System Dynamics literature (Vennix, 1996 ).…”

Section: Methodsmentioning

confidence: 99%

Artificial intelligence and blockchain implementation in supply chains: a pathway to sustainability and data monetisation?

et al. 2022

View full text Add to dashboard Cite

Digitalisation is expected to transform end-to-end supply chain operations by leveraging the technical capabilities of advanced technology applications. Notwithstanding the operations-wise merits associated with the implementation of digital technologies, individually, their combined effect has been overlooked owing to limited real-world evidence. In this regard, this research explores the joint implementation of Artificial Intelligence (AI) and Blockchain Technology (BCT) in supply chains for extending operations performance boundaries and fostering sustainable development and data monetisation. Specifically, this study empirically studied the tuna fish supply chain in Thailand to identify respective end-to-end operations, observe material and data-handling processes, and envision the implementation of AI and BCT. Therefore, we first mapped the business processes and the system-level interactions to understand the governing material, data, and information flows that could be facilitated through the combined implementation of AI and BCT in the respective supply chain. The mapping results illustrate the central role of AI and BCT in digital supply chains’ management, while the associated sustainability and data monetisation impact depends on the parameters and objectives set by the involved system stakeholders. Afterwards, we proposed a unified framework that captures the key data elements that need to be digitally handled in AI and BCT enabled food supply chains for driving value delivery. Overall, the empirically-driven modelling approach is anticipated to support academics and practitioners’ decision-making in studying and introducing digital interventions toward sustainability and data monetisation.

show abstract

“…According to Weill and Woerner [1], in order for traditional businesses to remain competitive in the age of the digital economy, they must fully digitalize their company activities. In this regard, the adoption of advanced systems and applications such as the Internet of Things (IoT), Blockchain Technology (BCT), Cloud Computing, Data Analytics, and Artificial Intelligence (AI), in conjunction with the development and maturity of relevant digital skills and capabilities, are fundamental for the digital transformation of businesses [2].…”

Section: Introductionmentioning

confidence: 99%

Integration of Blockchain and AI: Exploring Application in the Digital Business

Xuan,

Ness

2023

JERR

View full text Add to dashboard Cite

Artificial intelligence (AI) and blockchain are two disruptive technologies that have emerged from the Fourth Industrial Revolution (IR4.0) and have brought about significant transformations in the industry. The convergence of artificial intelligence (AI) with blockchain technology presents significant opportunities for the development of novel business models facilitated by digitalization. The current body of research pertaining to the integration of artificial intelligence (AI) with blockchain technology is available, although there is a lack of comprehensive understanding of the practicality and effectiveness of this integration within the business context. In order to bridge this existing knowledge gap, the primary objective of this research endeavor is to comprehensively analyze and delineate the various applications and advantages of integrated artificial intelligence (AI) and blockchain platforms within diverse sectors of the business industry.

show abstract

Advanced information technology for development of electric power market

Cited by 6 publications

References 3 publications

Perspective Chapter: Blockchain Technology in the Field of Energetics – Organization of Effective Energy Market

Perspective Chapter: Blockchain Technology in the Field of Energetics – Organization of Effective Energy Market

Artificial intelligence and blockchain implementation in supply chains: a pathway to sustainability and data monetisation?

Integration of Blockchain and AI: Exploring Application in the Digital Business

Contact Info

Product

Resources

About