ABSTRACT
Chapter 12 presents a detailed assessment of the use of an energy blockchain as a solution for developing energy resources. Blockchain offers a system in which a record of cryptocurrency transactions can be maintained across computers that are linked in a peer-to-peer network. This can be applied to the transfer of funds for the purchase of electricity generated by microgrids. Considering the blockchain potential in developing countries from the distributed energy perspective, this chapter identifies the challenges and barriers associated with the development of DERs in developing countries and highlights opportunities associated with the integration of blockchain-based solutions to overcome these challenges. In a future in which consumers of energy are encouraged to become producers, energy blockchains have an important role in the development of microgrids. The ability to conduct smart contracts for microgrid via blockchain platforms is shown to enable and expedite peer-to-peer energy trades which will further decentralize the energy markets of the future. Microgrid electricity sales and electric vehicle battery charging offer examples.
