ABSTRACT
In this chapter, the research and practices for implementing the blockchain technology in energy systems are introduced. It provides an introduction of the categories of potential applications of blockchain and smart contracts in energy systems. The chapter reviews the research and innovations on the application of blockchain and smart contracts in energy systems and energy markets. Blockchain and smart contract technologies have a range of potential applications in energy systems. The goal of peer-to-peer energy trading is to create a more efficient and sustainable energy system, in which energy is generated, consumed and shared locally. Blockchain technologies are emerging as a potential solution for establishing a decentralised trading platform with automated negotiation procedures, reduced transactional costs, secured information infrastructure, and protected residential privacy. The prosumer-centric trading layer is designed to help individual prosumers make optimal decisions regarding their energy behaviours and trading prices.
