Abstract
Blockchain is a block chain technology that makes it possible to send and store information in a distributed way, creating a decentralized data register. The article presents the applications of blockchain technology in the field of power engineering, among others for use in the area of settlements on the electricity market. The work shows the possibilities of using and using block chains to describe the purchase and sale, generation and management of electricity. The work describes aspects of technology that allow partial or complete decentralization of the process. The article also shows how such transactions could be carried out automatically and without supervision - giving certainty of pre-established rules, rules and assumptions.
Highlights
Today, a relatively long chain of intermediaries is involved in the electricity market and the energy trading process, from the manufacturer to the end customer
The development of new technologies, meeting the expectations of users, the fight for clients are just some of the features that make the energy sector more and more interested in the implementation of Blockchain technology
As it was presented in the energy sector, the ideas of using blockchain technology have entered all subsectors from manufacturing through trade to distribution and additional services
Summary
A relatively long chain of intermediaries is involved in the electricity market and the energy trading process, from the manufacturer to the end customer. Is it possible to establish direct contacts between these two market players in the case of using Blockchain? In the largest energy companies in R & D units more and more time is devoted to analyzing the possibilities of using Blockchain technology and the first pilot projects are carried out [1]. As to develop the possibilities of using and using Blockchain to settle transactions on the energy market
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