Future Energy Using Blockchain Systems

Abstract

A fundamental shift is underway from electrical en-ergy to renewable energy. Renewable energy sources are beyond the push and simple decentralization of the electricity market. This transfer process is based on the energy sector's relationship between old technology and new technology. It connects it with other sectors, such as information and communication technology (ICT), so that it can be reached by technology transfer carried out by information technology players into the market. Blockchain technology is playing a vital role in this shift by offering a decentralized system and an alternative approach to the current organizational form of the energy market. This paper describes the role of blockchain systems in the energy sector, which is described using the term “energy blockchain.” In this study, this research aims to utilize blockchain energy that includes and passes through all aspects by looking at organizations that emphasize the interrelationship of technical dimensions and social dimensions in the energy sector based on the benefits and princi-ples of blockchain for energy trading, information storage, and or increasing transparency of energy flows and energy service. In the following chapters, the authors provide an overview of the current changes in the electricity market, a discussion of the different possible uses for blockchain technology in the energy sector, and a discussion of the barriers and potentials of blockchain energy using different learning perspectives. Finally, the possible opportunities and risks of blockchain energy are discussed. Worldwide significance is mainly based on an integrated world-view-several views are brought together to provide electricity capacity to countless buyers using a predefined global, public and local organization as power transmission: grid power. To impact this course, educational partners and blockchain energy experts need to get further imaginative work together with grounded execution and application in local settings, showing the utility and performance of thoughts before long key accomplices and pioneers. From a specific and IT perspective, this incorporates, specifically, contemplating the possibility of” security by the plan.” Online security is a subject that ought not to be disre-garded, particularly in the blockchain energy field.