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⑴ Energy Blockchain Research | Blockchain use cases in the energy industry

If implemented properly, blockchain technology has the potential to revolutionize all aspects of the energy industry.

As the energy industry becomes increasingly decentralized, blockchain technology is ideally positioned as a major disruptive force. In fact, companies around the world are already developing blockchain applications to create direct connections between energy producers and consumers.

Blockchain is a virtual public ledger that records transactions in a secure and transparent manner without the need for third parties such as banks, public institutions or electricity providers to act as intermediaries. But how exactly can blockchain be used to improve operations in this area? Let’s explore some of the most exciting applications of this promising technology in the energy sector.

Energy Sector

◆Facilitates peer-to-peer energy trading◆

Traditional energy delivery models rely on centralized power plants millions of miles away, which are located Electricity is transported on transmission and distribution lines, commonly known as the "grid". The less discussed “microgrids” are local grids that can connect and disconnect from the traditional grid when necessary. Microgrids use local energy sources such as wind and solar power to power local loads together.

Microgrids enable consumers to both produce and consume energy, giving them the opportunity to become "product consumers." As producers, they are able to sell any surplus energy they may have on a pay-per-use basis to peers connected to the same microgrid. Blockchain technology facilitates this peer-to-peer energy trading by providing microgrid members with a secure and transparent distributed ledger. This provides a highly reliable and cost-effective way to create, verify, record and coordinate peer-to-peer energy transactions in real time.

Energy Sector

◆Let electric vehicles continue to drive◆

According to data from BloombergNEF, global electric vehicle sales exceeded 2 million units in 2018, more than at the beginning of this century There is a significant increase in the number of thousands of vehicles a year. Additionally, Bloomberg expects this number to increase to 10 million by 2025 and 56 million by 2040.

With more and more electric vehicles on the road, private charging stations are likely to become valuable assets, requiring an efficient system to coordinate energy transactions between drivers. Blockchain technology can be used to create a system that can monitor electricity prices, make pricing decisions in specific markets, and enable charging station owners to conduct secure transactions.

Energy Sector

◆Simplify regulatory procedures ◆

Energy companies need to submit large amounts of data to regulators to prove their compliance with various regulations. Collecting and cleaning all this data using current technology is not only tediousodor and can create serious problems related to incorrect data access. The more data you process, the more people you need to be involved, and the greater the chance of accidental exposure of sensitive company information.

Because blockchain ledgers are both immutable and completely transparent, introducing them into energy companies’ operations will give regulators the greatest confidence that the data they receive is unedited. The introduction of blockchain will also give energy companies unparalleled control over what information is shared with whom, all but eliminating the possibility of sensitive data falling into the wrong hands. To boot, blockchain technology introduces the ability to standardize data collection and transmission formats.

Energy Sector

◆ Expanding energy access ◆

Many communities around the world are not connected to the grid. Energy in these communities often comes from local solar panel projects, many of which do not receive adequate funding.

Crowdfunding can help close this financing gap. The idea here is for individuals or other small investors to pool their resources to purchase enough photovoltaic cells to build the necessary number of solar panels for a given community without electricity. These micro-investors retain partial ownership of the solar panels and earn income, with the community paying a marginal amount each month for the electricity generated by the solar panels.

Introducing blockchain technology into this process will alleviate many of the problems that plague traditional crowdfunding. First, blockchain-based crowdfunding will enable anyone with an internet connection to donate to a campaign, which is simply not the case with traditional crowdfunding platforms. Additionally, just like peer-to-peer energy trading within microgrids, blockchain technology can reduce the overall cost of monthly transactions between solar panel owners and the community powered by the panels. Finally, because blockchain is completely secure and transparent, blockchain greatly reduces the chance of crowdfunding fraud. On the contrary, it is difficult for traditional crowdfunding platforms to eradicate this kind of fraud.

Energy Sector

◆ The bright future of blockchain◆

These use cases show that blockchain applications have the potential to revolutionize our energy consumption, transactions, Regulation and financing methods. Once key stakeholders in the energy industry get involved, blockchain may well become the key to keeping the lights on for millions of people around the world.

National Energy Information Platform contact number: 010-65367702, email: [email protected], address: People’s Daily, No. 2 Jintai West Road, Chaoyang District, Beijing

⑵ Block Can blockchain technology be applied in the transportation industry

Yes, Chongqing Jinwowo analysis:
Blockchain can create potential for smart cities enabled by the Internet of Things. Road signs, traffic lights, cars and other moving and stationary objects will have sensors embedded in them that will collect data and send it to a system thatThe system will reroute buses, streetcars, emergency vehicles and other municipal vehicles to find the fastest route and avoid traffic jams.
Ultimately reduce traffic congestion, speed up commuting and reduce carbon emissions. Blockchain-secured sensor data could also help drivers find open parking spaces or charging terminals, pay traffic tickets, and report crashes or maintenance issues.

⑶ What are the application prospects of blockchain?

The application prospects of blockchain are mainly in the financial field, the Internet of Things and logistics, public services, digital copyright, and insurance.

1. Blockchain has huge potential application prospects in financial fields such as international exchange, letters of credit, equity registration and stock exchanges. The application of blockchain technology in the financial industry can eliminate the need for third-party intermediaries and achieve direct point-to-point connection.

2. Blockchain can also be naturally combined in the Internet of Things and logistics fields. This field is considered to be a promising application direction of blockchain. Establishing credit resources in the blockchain can double improve the security of transactions and improve the convenience of IoT transactions. Save time and cost for smart logistics model applications.

3. Blockchain is closely related to people’s production and life in public management, energy, transportation and other fields. The decentralized and fully distributed DNS service provided by the blockchain can realize domain name query and resolution through point-to-point data transmission services between various nodes in the network.

4. Through blockchain technology, works can be authenticated, proving the existence of text, video, audio and other works, and ensuring the authenticity and uniqueness of ownership. After the rights of the work are confirmed on the blockchain, subsequent transactions will be recorded in real time, realizing full life cycle management of digital copyright, and can also be used as a technical guarantee in judicial evidence collection.

5. In terms of insurance claims, insurance institutions are responsible for fund collection, investment, and claims settlement, and often have high management and operating costs. Through the application of smart contracts, there is no need for the policy holder to apply or the insurance company to approve it. As long as the claim settlement conditions are triggered, the insurance policy can automatically settle claims.

(3) Extended reading for blockchain application drivers:

Core technology of blockchain

1. Consensus mechanism, Through the voting of special nodes, the verification and confirmation of the transaction can be completed in a very short time; for a transaction, if several nodes with unrelated interests can reach a consensus, it can be considered that the entire network can also reach a consensus on it. The goal of the blockchain consensus mechanism is to enable all honest nodes to maintain a consistent view of the blockchain.

2. Asymmetric encryption requires two keys for encryption and decryption. These two keys are the public key and the private key. The public key corresponds to the private key. When the public key is used in the encryption process of data, it can only be decrypted by using the corresponding private key. On the contrary, when the private key is used in encrypting the data, only the corresponding private key can be used to decrypt the data. Only the corresponding public key can be decrypted.

⑷ Blockchain in the future, how will it affect the food, clothing, housing and transportation of ordinary people

How will the blockchain affect the food, clothing, housing and transportation of ordinary people in the future
To answer this question, we need to open our minds.
Let’s briefly talk about the characteristics of blockchain technology:
Data security is high, and data using blockchain technology is almost impossible to be tampered with.
Data cannot be changed after being recorded.
Data can be highly transparent and can be seen by everyone.
Distributed nodes, data is not recorded in a single central server, but distributed among various distributed nodes.

What changes will these technological features bring to our future lives?
Let us imagine the life of an ordinary person, Xiaoyu, after 30 years when blockchain technology is highly popularized.
First of all, let’s introduce our protagonist Xiaoyu: Xiaoyu is 30 years old and is a freelance writer and photographer. I live in Xingfuli, Dongdaqiao Road, Chaoyang District, Beijing... What, Xiaoyu is a rich man?
No, Xiaoyu is just an ordinary person.
Why can ordinary people afford a house in Xingfuli?
In fact, in the blockchain era 30 years later, both cities and companies have been decentralized. Most people do not have to work through a company to serve others, they only need to provide services on the blockchain. Therefore, there is no need for most people to work in companies concentrated in urban centers. People began to move out of the city and live in satellite towns around the city. Or simply move to a rural town with equally well-equipped facilities. Housing prices in the city center have naturally dropped.
In fact, a house in the center of Beijing will not be more expensive than a villa in a surrounding satellite city 30 years later. Xiaoyu bought this house just to facilitate his photography and collecting in Beijing.

Xiaoyu got up early and took out the milk and bacon bread bought last night from the refrigerator to make a breakfast. In fact, food safety issues have been forgotten after 30 years. Because every can of milk, from the health status of the cow, to factory packaging, to transportation, is recorded in the blockchain. The entire industry chain has been made transparent and updated in real time, and every transparent blockchain will be supervised by artificial intelligence. Once there is a problem in a certain link, artificial intelligence will immediately issue an alarm.
Within three years after the operation of this blockchain recording + artificial intelligence supervision system, the food safety problems that have troubled people for many years will be solved.
After breakfast, Xiaoyu started his day's work. He works about two hours a day, three to four days a week. The main content of the work is to upload the photos I took during this period to the blockchain platform, write a travel experience to introduce my photos, and spend some time communicating with my fans on the platform's social media.
Every uploaded photo will be encrypted on the blockchain, users can read Xiaoyu’s articles and see photo thumbnails for free. But if you want to download high-definition pictures, you must pay to Xiao Li's account to download.
In fact, when the entire network is blockchain-based, piracy will be very difficult. Because if a user wants to make money from Xiaoyu’s photos, they must obtain Xiaoyu’s authorization. Otherwise, once the user uploads the image to the network, it will be recorded by the blockchain. When accountability is held in the future, every penny this pirate makes through piracy will be traced and held accountable.
30 years later, the popularity of blockchain has completely solved the problem of piracy. Therefore, individual photographers like Xiaoyu can make a good income by relying on the copyright of their own photos.
After work, we had lunch. Xiaoyu remembered that he had made an appointment with his dentist in the afternoon. Get ready to go out and take a taxi. Thirty years later, hailing a taxi will no longer be through a certain company’s taxi hailing software. Instead, just pay on the taxi-hailing platform, and the smart contract in the blockchain will automatically match the car rental driver after receiving the payment. So Xiaoyu only needs to say to his mobile phone before going out: I want to go to the dentist. And just transfer money to the taxi driver's electronic wallet. When we got downstairs, the taxi was already waiting there.
When we arrived at the dental clinic at the appointed time, Xiaoyu didn’t need to show any medical records. Just use your private key to unlock your case record blockchain and give it to the dentist. The dentist will make judgment and treatment based on the last case record. Then make a new record in the blockchain.

After coming out of the dentist's office, Xiaoyu sat down at a nearby automatic cafe and ordered a cup of coffee using his e-wallet to pay. And go to the blockchain community to see the progress of his various photography projects - Xiaoyu has planned a lot of photography plans for himself, including a photography plan to Antarctica and a photography plan to the Amazon rainforest. But these plans require more funding and a working group that includes planners, photographers, local route planning experts, etc. It is beyond Xiaoyu's ability alone.
So Xiaoyu packaged these plans and ideas and put them in the blockchain community: raising funds for the project and looking for like-minded partners and colleagues. And attached his own blockchain information.
Every Internet user in the world can see these projects, as well as Xiaoyu’s personal credit information. If they feel that this project or this person is reliable, they can transfer any amount of money from their e-wallet to Xiaoyu's account to donate or invest in the project. Interested and like-minded people can also express their willingness to go together. Xiaoyu can find suitable participants based on the credit information of the willing people and the personal resume blockchain. Form a temporary working group to complete the project.
Obviously, there is a future for improving the blockchain credit system. We no longer need to go through banks for financing and borrowing. The way people organize production has also broken away from the scope of the company.
This is how I can think of how blockchain technology can change our lives todaySome details of post-life. The writing is not very comprehensive. I hope friends who read it will give me more opinions and open up your own imagination.
Blockchain technology is currently a very promising revolutionary technology. Although it is not fully implemented yet. But I believe it will slowly develop and mature over time. And bring disruptive changes to our future.

⑸ What are the applications of blockchain in the industry?

Taking the tourism industry as an example, blockchain applications are mainly concentrated in travel, travel community reviews, digital identity management, credit consumption management, Tracking pilots' professional certificates and qualifications, hotel and airline loyalty programs, reservation management, and consumer points management are several application areas. In addition, with the development of blockchain, many related top domain names have been registered, which has had a relatively large impact on the domain name industry. In addition, blockchain also has applications in finance, games, entertainment and other fields.

⑹ What fields are blockchain suitable for?

The first one is the information security industry.
The second one is the bill business field
The third one is the payment and settlement business.
Fourth, identity/account authentication business.
Fifth, each node participating in the maintenance of the equity proof blockchain can obtain a complete data record. Using the characteristics of reliable and collective maintenance of the blockchain, the rights of the owners of equity can be confirmed.
Blockchain technology is really powerful. With the advancement of the times, this technology may change the development direction and trend of the financial industry, and because the blockchain technology itself has large capacity, high-speed computing, security, and convenience And other characteristics have laid a strong foundation for the advancement and popularization of technology.