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❶ Energy Blockchain Research | Why do we need blockchain technology
When talking about blockchain technology with outsiders, they will always mention this question: Why Do we need blockchain? If you don’t answer it properly, even those who are interested may not want to know more, and it will make them think that blockchain does not bring anything new to the world.
In fact, blockchain technology has begun to get on the right track, and many industries have begun to use blockchain technology. Blockchain doesn’t always solve old problems in new ways. Compared with traditional methods, blockchain technology is safer, more cost-effective, and more transparent. This article will give answers to the above questions.
As we all know, the 21st century has brought about issues such as data breaches, misuse of personal information, and data insecurity. Blockchain combined with other technologies and services can help prevent some major information leaks and breaches because data is no longer stored in one place. If we want to truly understand how blockchain technology can help ordinary users, first, we must understand the types of services and platforms they use. For example:
Some blockchain companies are trying to replace all the products in the picture above. These attempted products are either decentralized or replaced by decentralized products. Many companies have shown time and time again that they don’t trust data and that users should get more out of it by selling their data to advertising companies.
The 2017 ICO boom swept the blockchain market, with hundreds of companies succeeding or failing seemingly overnight. But there are also benefits to this special investing period: Investors have learned how to spot innovative, high-quality companies. Some companies founded through ICOs still exist, while others raised funds during this period. The idea common to most companies is this: they allow users to control their data without interference or hosting. For example:
But is anyone really using these alternatives? The answer is yes, and it's growing well. Of course, some projects fail miserably and drag down the industry. After the ICO boom in 2017, if you pay a little attention, you will find that not all of these companies are successful. However, success often comes with failure.
Even some early projects that seemed very successful have gradually lost their former glory, such as CryptoKitties. But you can learn how to get better from failure. The entire industry, users, developers and investors learned a lesson in a previously oversaturated market: it learned how to get better. Users learned how to better allocate their time among many new projects; investors learned which projects to invest in; developers learned what works and what doesn’t; and the industry learned how much new development is sustainable of.
Good ideas are no longer enough. In addition, there is also a need for work productsproducts, specialized user groups and concepts. This is why Brave, Antube, and Alfa are some of the most forward-thinking projects on the market today—they answer the big question of why we need blockchain.
Data is important. When surfing the Internet, most Internet users provide data. This data is collected, classified, and monetized by large corporations. From this they learn who the user is and why they are buying. How to get users to buy is the key to their success. Alfa, Brave, and Antube are three unique companies trying to give users more control over their data.
Brave aims to transform the browsing experience. Previously, most people installed ad-blocking software on their browsers, but Brave is about to change that. Instead, the ad becomes an interactive experience that captures the user's attention in a short period of time, and all parties benefit.
Users should have more control over their data, but relying solely on blockchain and tokens will not solve the problem. A new blockchain with built-in economics should be developed.
Back to the original question: Why do we need blockchain?
It’s all about data. In the past, we relied on organizations to save data, but now blockchain provides users with keys and immutable records.
There are many ways to track the progress of a company or institution, but the easiest way is often to go straight to the source. Twitter will update in real time (Brave, Alfa, Antube), and checking forums such as Reddit, Bitcointalk, and articles on Hacker Noon can also provide valuable information. Whichever way you choose to update, just remember this: we want “our” data to belong to “us” — that’s why we need blockchain.
National Energy Information Platform contact number: 010-65367702, email: [email protected], address: People’s Daily, No. 2 Jintai West Road, Chaoyang District, Beijing
❷ NEC What is the prospect of new energy blockchain coins?
NEC new energy blockchain coins are circulation tokens in the main network built based on blockchain technology. They are designed to serve the new energy network ecology and have decentralized capabilities. It is centralized and cannot be tampered with. The ownership belongs entirely to the holder. Application in the NEN Chain ecosystem, NEC new energy blockchain currency will bring greater application scenarios in the field of new energy vehicles, black technology products, AI smart life, 5G, Internet of Things, etc. With the further improvement of the ecology, it will be accepted and recognized by more people through interconnection and interactive use.
❸ Energy Blockchain Research丨Four major blockchain development trends that are expected to become “evergreen trees”
Blockchain technology continues to develop and expand to adapt to the needs of the financial market and the Internet market and continue to provide digital solutions for them. By integrating blockchain technology in Web3 technology, we are developing decentralized finance (DeFi) services and decentralized applications (DApps) to enhance the digital ecosystem.
Experts estimate that by integrating blockchain technology and solutions, banks can save $12 billion or more annually. The United Nations also uses blockchain technology to address issues related to human rights violations, fund international humanitarian development, and promote environmentally friendly blockchain ecosystem innovation.
One of the challenges with blockchain trends is that they are fleeting because the industry is constantly evolving. Therefore, some companies and developers often have questions about the development of a certain blockchain project. However, after diligent research and analysis, we found that the following four projects have the potential to become “evergreen” blockchain development trends. What’s more, these four projects are actively providing blockchain solutions to developers in the decentralized finance and decentralized application industries.
1
Blockchain Applications in Enterprises
Developers who want to create high-quality decentralized applications can do so with Jelurida's flagship blockchain Solutions "NXT and Ardor" to build scalable applications that meet market needs. To put it simply, Jelurida is working hard to seamlessly connect physical companies and enterprises with the blockchain industry. Imagine, is a blockchain without practical application still a blockchain?
Futurecoin is the world's first open source blockchain platform that relies entirely on Proof of Stake (PoS) consensus. Proof of Stake is an algorithm based on Byzantine fault tolerance that eliminates computational loss in the Proof of Work (PoW) model and improves transaction security.
Developers can leverage the Futurecoin framework to build and save custom blockchain solutions and create reliable exchanges for tokens. On the other hand, AdoCoin’s sub-chain functionality allows organizations to build permissionless blockchain digital solutions and run smart contracts.
By using these solutions and Ignis, Jelurida has achieved some success. Unlike some blockchain companies, Jelurida has achieved all milestones in its development path and currently operates in several countries on three continents.
Currently, Jelurida has many real-life projects running on its platform, one of which is Cycle4Value, an environmentally friendly gamification system that can control traffic conditions and improve public health.
2
Games and non-fungible token development
Enjin for games and non-fungible tokensThis is another welcome advancement for the industry’s blockchain developers, offering creative developers the opportunity to create the next generation of decentralized software and applications. Enjin powers real-world projects in the medical, political, financial, and entertainment sectors, and is proud to provide blockchain solutions to millions of users. The project has a market capacity of nearly 45 million, more than 2 million wallets have been installed, and more than 1 billion assets have been created.
"Go! By Health Hero", one of the real-life projects built on Enjin, is a future currency-based solution that can promote the development of health-related projects and services. This project is currently very popular . Other projects include Microsoft's Azure Heroes, "Lost Relics" and "Age of Corruption" for gamers.
Currently, Enjin is deeply cooperating with the emerging future currency industry. It is expected that as the industry develops further in the future, Enjin will play an important role in the industry.
3
Speed and data security
When a developer wants to create a decentralized blockchain service with scalability and reliability, Speed and safety are the basic factors he needs to consider. Elrond has done just that, processing more than 10,000 transactions in one second, which is 100 times faster than Bitcoin and Ethereum combined.
Here are some of the “evergreen” trends we need in the coming years.
Elrond uses an adaptive state sharding mechanism to support fast verification and transaction processing. Like Jelurida, Elrond uses proof of stake to save resources and improve transaction security.
With over 90,000 active accounts and a large number of development projects, it’s no surprise that Elrond’s ecosystem valuation has jumped from $10 million to $500 million. Elrond operates in approximately 30 countries and counts more than 115 companies and startups among its clients.
4
Environmentally friendly system
Cudos is a broadband blockchain platform that provides blockchain projects with computing resources by integrating the computing resources of developers and users around the world. power. The platform serves as a network for developers to share and sell common resources, enabling reliable and scalable blockchain projects on the Internet. Developers can build and publish decentralized applications, mine cryptocurrencies and amortize network fees.
Gaming and non-fungible token developers and markets, including other related blockchain businesses, can leverage the Cudos framework to create high-quality and secure decentralized solutions and products. The Cudos ecosystem is committed to providing developers with cheaper, more convenient, reusable and environmentally friendly blockchain solutions; providing organizations with cloud computingBased blockchain solutions; introducing innovative solutions into the Web3 framework, allowing developers to create the next generation of decentralized applications.
Cudos recently partnered with blockchain-based carbon credit company ClimateTrade to offset its carbon dioxide emissions. The world is currently experiencing the negative impacts of climate change, and businesses and individuals have a responsibility to quickly mitigate and ultimately reverse these impacts.
“
Conclusion
Blockchain platforms committed to next-generation blockchain services and businesses should take measures to solve environmental pollution problems, thereby providing a Chain digital solutions create an eco-friendly environment.
National Energy Information Platform contact number: 010-65367702, email: [email protected], address: People's Daily, No. 2 Jintai West Road, Chaoyang District, Beijing Society
❹ Energy Blockchain Research｜Internet of Things can improve the efficiency of cryptocurrency mining
Everyone who understands cryptocurrency knows the shortcomings of this currency, and its impact on the environment The brunt of the impact has been felt. Can cryptocurrency be mined in a green and ethical way? If so, what role will IoT play in this shift?
Can IoT be mined
Discussions of using IoT for cryptocurrency mining began a few years ago, mostly in the form of warnings that bad actors could compromise IoT devices and turn them into a distributed cryptocurrency mining network .
Cryptocurrency mining requires powerful CPUs and consumes large amounts of energy. Can IoT devices be used to mine cryptocurrencies?
Mirai is a household name in cybersecurity , but the term is often synonymous with DDoS attacks. IBM’s investigation in 2017 found that subsequent Mirai cyberattacks were designed to deploy Bitcoin miner slaves on compromised IoT devices. IBM did not exploit the IoT Specific conclusions are drawn about the effectiveness of the device, but the concept is intriguing.
Are there other ways IoT, cryptocurrencies, and blockchain can impact each other’s performance?
Things The Impact of the Internet on Cryptocurrency Mining
Shortly after IBM's discovery came out, Avast came to a similar conclusion: Not only is it possible to use the Internet of Things in this way, it is also profitable. Avast It is estimated that an attacker could mine approximately $1,000 worth of cryptocurrency in four days with 15,000 IoT gadgets simultaneously.
Using thousands of cryptocurrency mining devices can reduce the cost of a single cryptocurrency mining operation. Total power consumption and environmental impact. There is an anecdote about a tech blogger who set up and forgot about her IoT devices, only to find them back after more than a year.Thousands of dollars worth of tokens are generated in the background.
Using routers and hotspots as network hubs and cryptocurrency mining hubs has a bright future because it’s about efficiency and being green. After this person wrote about her experience, orders for related hotspot devices rose to 150,000 units. Compared to expensive CPUs and GPUs, the $400 price tag of this hotspot device is attractive to amateur miners who don’t want to spend a lot of money on cooling systems and graphics cards.
Technologies that make mining more environmentally friendly
Making cryptocurrency mining more environmentally friendly is not an easy task. A single Bitcoin transaction consumes approximately 1,544 kilowatt hours of electricity, which is enough electricity to power an average American household for more than fifty days. The total annual electricity consumption of the Bitcoin network may be as high as 75 terawatt hours.
Smarter climate control technology is one solution. Mining operations can have more granular control over their environment with ductless and mini-split systems. It is much easier to place these units exactly where they are needed, and one outdoor condenser can power multiple cooling units. These devices can save cryptocurrency miners a lot of energy.
As it stands, electricity is a major bottleneck restricting cryptocurrency mining. National and international leaders have prioritized building resilient smart grids in setting goals that rely on the Internet of Things to enable the two-way flow of power and data.
Building energy networks that use renewables and the Internet of Things to be more resilient and performant opens up opportunities for cryptocurrency miners. Some of the larger operations are opening factories in areas rich in solar and wind energy. Other miners work at night to offset the huge impact their operations have on energy consumption during peak electricity usage hours.
Take a mining operation in Texas, for example, that can profit from energy consumption by shutting down for just 30 minutes at a time during its hottest and most expensive days. At night, they can "operate as little as the board can handle" while selling back the contracted power supply to the utility company.
Blockchain and the Internet of Things: A fruitful combination
The Internet of Things and cryptocurrencies have found the right way to complement each other and complement each other. The combination of IoT and blockchain may bring fruitful results, and research and discussions around this topic are proceeding in different ways.
IoT devices rely on high-speed exchange and analysis of field data. Applying blockchain here ensures greater reliability of the system and greater security of data transmission. Autonomy is critical for business efficiency: with blockchain driving IoT interactions, devices can interact directly with each other without involving remote servers.
The technologies used in IoT and cryptocurrency respectively complement each other and bring out the best in each other.
National Energy Information Platform contact number: 010-65367702, Email: [email protected], Address: People's Daily, No. 2 Jintai West Road, Chaoyang District, Beijing
❺ Research on energy blockchain and dual-carbon strategy | Five common renewable energy sources < /p>
Five common renewable energy sources
Today, thanks to the continuous advancement of science and technology and production technology, in an effort to get rid of dependence on fossil fuels, humans have developed more and more diverse of green energy. Below is an introduction to five common renewable energy sources.
Solar power generation
Solar energy is a renewable energy source that has been playing a huge role in human production and life for more than 5,000 years. The uses of solar energy have changed greatly over time, from heating to powering satellites in space. However, there is still a lack of highly energy-efficient and low-priced solar power generation equipment in homes and various buildings.
The way a solar panel works is very simple, it is a panel made up of millions of solar cells. When the sun shines on these panels, the solar radiation energy is directly or indirectly converted into electrical energy through the photoelectric effect or photochemical effect by absorbing sunlight. This energy can power homes and is very affordable.
Wind power
When people look at the sea, they will find many wind turbines on the sea level. While they may not be the most attractive, they are very efficient. Because Europe and some regions have long stretches of coastline, wind power is more common in these places.
Wind turbines are like the air intakes of jet engines. When air enters, it first encounters a set of fixed blades, which direct the air into a set of rotating blades. The air pushes against the blades and emerges on the other side, where the air flows more slowly than outside the turbine. The screen is shaped so that it directs the relatively fast-moving air outside into the area behind the rotor. Fast-moving air accelerates slow-moving air, causing the area behind the turbine blades to become low-pressure to draw more air past them.
Hydroelectric power
Hydroelectric power uses water with potential energy from high places such as rivers and lakes to flow to low places, converting the potential energy contained in it into kinetic energy of water turbines. Then the water turbine is used as the driving force to drive the generator to generate electrical energy. The height of the water, the weight of the water, and even the speed at which the water flows can be used to generate electricity.
The large number of rivers and different types of water flow on Earth means that we can install hydroelectric power stations in large numbers.
Biomass energy
The application of biomass energy is becoming more and more common in daily life. Biodiesel can power cars, buses and commercial vehicles; biomass generators canProviding household electricity, in addition, new biomass energy sources are being discovered every day.
Geothermal energy
Geothermal energy is natural thermal energy extracted from the earth's crust. This energy comes from the lava inside the earth and exists in the form of heat. It is the energy that causes volcanic eruptions and earthquakes. Because radioactive particles slowly decay, geothermal energy is a renewable energy source. And as long as the earth is still rotating, geothermal energy will always exist, and there is no need to worry about them running out.
National Energy Information Platform contact number: 010-65367702, email: [email protected], address: People’s Daily, No. 2 Jintai West Road, Chaoyang District, Beijing
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❼ Energy Blockchain Research｜How manufacturing companies use renewable energy
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How manufacturing companies use renewable energy
The manufacturing industry has never reached the level of green environmental protection it should have. The waste gas, waste chemicals, metals or materials it produces will pollute water sources. Destroy the earth.
While this does not mean that a large number of companies are illegally dumping industrial waste, manufacturing companies contribute to global warming in other ways. In fact, everything from air pollution to the use of fossil fuels and excessive water use has given manufacturing a bad reputation for harming nature.
However, with time running out to stop climate change, many companies are already beginning to rethink the way they do business. For manufacturing companies, harnessing renewable energy is one way to reverse this situation. This article will briefly describe the main reasons.
Why it is important to use environmentally friendly energy
Using renewable energy is the most important step to reduce the impact on the environment, especially for businesses.
Typically, factories require large amounts of electricity, water and natural gas to power their plants, and electricity is one of the world's largest sources of greenhouse gases. This is because burning fossil fuels releases carbon dioxide, which causes great damage to the planet. Environmentally friendly energy not only saves the planet, it’s also good for business.
The cost of renewable energy has decreased over time, not only because it is more affordable, but because the risk of oil spills and associated costs have also decreased. In addition, the government has also taken some measures to help promote green energy.
Classification of environmentally friendly energy
First of all, clean energy, renewable energy and green energy should be distinguished. Clean energy is energy that does not pollute the air; green energy comes from natural resources such as solar energy and wind energy; it can be recycledBioenergy comes from recyclable resources such as biofuels. However, there may be more sources of environmentally friendly energy than you think.
1 Solar Energy
If the sun never rose, the world would not exist. Therefore, solar energy is worthy of human reliance.
Solar energy refers to absorbing the energy of the sun to generate electricity. Especially in hot climate conditions, the solar energy absorbed by the earth is enough to power humans.
2 Wind Energy
Wind energy is another common environmentally friendly energy source. Wind farms are common in the UK due to its high levels of windy weather, and make up a large proportion of the country's national grid.
3 Hydropower
Hydropower is often used in commercial activities because it is more feasible to use hydropower to power commercial sites such as factories than wind and solar energy.
Hydropower requires the construction of dams and reservoirs to control the flow of water that drives turbines, producing electricity. Compared with tidal energy or river energy, water energy is more sustainable and can become a more reliable source of energy for enterprises.
4 Biomass Energy
Biomass energy produces energy by burning organic materials, which is much cleaner than burning fossil fuels. By converting agricultural, industrial and domestic waste into energy, companies can obtain electricity at more attractive prices.
For example, if a farm produces a lot of animal waste, what better way than to use that waste as biofuel? In fact, it is not only the agricultural sector that is turning to biomass, but many manufacturing companies are also making this transition.
5 Tidal Energy
Tidal energy uses the rise and fall of tides to produce energy. Currents in the ocean cause turbines and blades to spin underwater, creating electricity.
Although harnessing natural resources is a great approach, tidal energy is still in its infancy. So it may be some time before businesses can rely entirely on tidal energy.
Advantages of environmentally friendly energy
People usually think that promoting green environmental protection will bring additional expenses to enterprises, but the opposite is true. In fact, renewable energy is good for health and can have a positive impact on business profits and productivity.
In addition to reducing greenhouse gas emissions and the hole in the ozone layer, using green energy can also help improve air quality.
Poor air quality is responsible for most respiratory diseases (such as asthma), cardiovascular disease (CVD) and lung cancer. By improving air quality, you can reduce the suffering of employees due to poor air quality and increase employee efficiency and business productivity.
The benefits of environmentally friendly energy to enterprises
Promoting green environmental protection will not only make workers healthier and happier, but also help enterprises plan their financial affairs more easily.service status.
Unlike the fluctuating costs of fossil fuels such as oil, natural gas and gasoline, green energy tends to be more accessible and therefore has a more stable market value. This means businesses can more easily predict and plan their profits and losses.
In addition, renewable energy (especially biomass) does not need to be transported over long distances, which means that the costs associated with transportation will also be reduced.
More importantly, companies can also enhance their brand influence and attract more customers with a green image. As more and more consumers have higher expectations of manufacturers and their products, going green may have more of an impact on profits than humans imagine.
What is energy scrubbing
Energy scrubbing is the process of removing harmful chemicals from exhaust gases before they are released.
Therefore, good industrial gas purification and thermal systems can purify energy, remove up to 99% of harmful chemicals, and also cool air flows.
This is a great option for businesses that are unable to switch to environmentally friendly energy sources and can help reduce the negative impact of harmful chemicals.
What is carbon offsetting
In addition to energy scrubbing, another way to reduce a company's impact on the environment is carbon offsetting.
Carbon offsetting is the process of balancing carbon emissions through an activity that helps reduce a factory's carbon emissions.
While this may mean that corporate products may have to be sold at higher prices or at lower margins, carbon offsets can help slow global warming, protect habitats, and may even help attract new types of technology. Environmentally conscious consumers go a long way.
❽ Energy Blockchain Research | Blockchain can help us fight climate change
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Blockchain can help us fight climate change
·Smart contracts run on the basis of blockchain, which can unlock many new ways to deal with climate change and solve the problems it brings. Influence.
·Achieving this requires a value intermediary network, which can help the blockchain collect information from real society and interact with it.
Note: Oracles (value intermediaries) provide data to smart contracts and are the bridge between the real world and the blockchain.
Smart contracts allow people to design a globally accepted and fully automated incentive system that can directly reward individuals, companies and governments that participate in sustainable practices. These practices include: regenerative agriculture, carbon offsets, crop insurance, and more. In promoting global green actions, smart contracts have greatly incentivized participants.
First encounter with obstaclesObstacles
The development of green smart contracts is hindered, mainly reflected in the inability of the blockchain to interact with information from various regions in the real world, including the environment. In recent years, however, physical companies have finally been able to go into production through oracle mechanisms that integrate global data onto the blockchain.
For example, these oracle mechanisms can now publish agricultural information sets directly to the blockchain, and smart contract developers can eventually develop a series of small predictions about food yields, soil quality, climate reporting, carbon offsets, and more. program. As more and more environmental data sets, such as weather patterns or Internet of Things (IoT) sensor readings, are fed into the blockchain, developers are beginning to develop a wide range of environmentally friendly smart contract applications.
The following are three related examples
1
Regenerative agriculture
Smart contracts allow ordinary people to participate in the fight against climate change One of the most important ways, it promotes the development of regenerative agriculture and makes regenerative agriculture possible.
Smart contracts can interact with real-world information to autonomously reward those who develop important land.
For example, the Green World Campaign is working with Cornell University to build a smart contract that can automatically reward those who pass satellite information through People who have successfully regenerated land by increasing vegetation cover, improving soil, etc.
Value intermediaries can also extract data from satellite images and trigger smart contracts built on the blockchain to ensure that people receive rewards fairly and transparently.
2
Transforming consumer awareness
Smart contracts can support environmentally conscious individuals and organizations. For example, if a person successfully triggers a reforestation smart contract, they can be paid in the form of carbon credits that can be sold to charities, crowdfunding, or even companies that have a positive impact on the environment.
Smart contracts can also provide environmentally conscious consumers with more choices in energy consumption.
For example, decentralized energy grids like the Brooklyn Microgrid Projectare could use smart contracts and blockchain as a coordination mechanism to allow consumers and their neighbors to take advantage of solar energy Generate electricity and generate transactions. Buying and selling solar credits among neighbors can reduce energy transportation costs and greenhouse gas emissions.
While many consumers are already changing their consumption habits, broader social behavioral shifts may require a combination of monetary incentives and sustainable choices among consumers. By using smart contracts connected to real-world data, different consumption habits triggerDifferent reward and punishment mechanisms. This will promote changes in consumer behavior.
3
Hedging risks by insuring crops
Climate change is altering weather patterns around the world. The vast majority of farmers around the world are uninsured, leaving their crops extremely vulnerable to weather conditions such as heavy rain, drought, and strong winds.
Adverse weather conditions can cause financial losses to farmers, devastating their families and leaving farmland damaged and abandoned.
Fortunately, smart contracts can detect changing climates through value intermediaries and propose solutions.
Using smart contracts, farmers can insure their land, stipulating predefined conditions for the contract to be effective (such as a certain amount of rainfall); they can then detect weather patterns through a value intermediary.
If the value intermediary detects that the conditions have been met, the farmer automatically gets a sum of money.
Smart contracts communicate climate information through value intermediaries, allowing farmers to protect their property with just a smartphone.
Outlook
The combination of blockchain and value intermediary opens up a new era of smart contracts, which can create a new incentive model for sustainable human energy consumption. . As discussions about climate change continue to escalate, it’s important to understand that the impact of this industry on the environment will go far beyond the consensus mechanisms of any one project.
National Energy Information Platform contact number: 010-65367702, email: [email protected], address: People’s Daily, No. 2 Jintai West Road, Chaoyang District, Beijing
❾ Energy Zone Blockchain Research | How Blockchain Impacts the Energy Industry
Blockchain is a P2P shared ledger that enables secure retail digital transactions without relying on third-party intermediaries. Blockchain, initially thought to be a proprietary technology for cryptocurrencies, is now experiencing unprecedented growth in market capitalization. It has uses in many fields, and the field of power is no exception. From previous years, this space has had a complex system with many stakeholders, making it very transactional and inefficient. So, here are our hypotheses on how blockchain can drive energy to become more environmentally friendly.
The potential of blockchain in the energy power business
Upstream turbines will generate some unprocessed materials, which are refined and shipped to downstream distributors. Promote to end users through midstream distribution communities. While this course may initially appear to be a fairly simple process, it is not. Blockchain experts and technologists believe that blockchain expertise could provide options for key challenges facing power trade, and a slew of analytical missions and startups have emerged across the globe since last year.
Eliminate middlemen and reduce transaction value
By eliminating middlemen, blockchain technology can allow customers to quickly obtain commercial energy power, especially in wind power and photovoltaics. In the case of power, these powers can be produced by consumers themselves. Expertise therefore enables prosumers to enter the power market as suppliers. Additionally, a clear, secure, and stable blockchain system will enable customers to purchase from electricity suppliers instantly.
Enhancing Effective Alternatives
To execute transactions, companies spend tens of millions of dollars building and accessing proprietary commodity buying and selling platforms. Blockchain can also help provide a feasible solution where consumers and customers can exchange their diverse needs on a peer-to-peer basis, thereby enhancing the security, immediacy and immutability of transactions. Additionally, with distributed ledger expertise, the renewable power certification process can be accelerated and automated, which would otherwise be expensive. Automated, tamper-proof sound contracting and metering policies can work well to enhance the accessibility of offsets.
Real Asset Management
The power area includes quite a few stakeholders, similar to upstream turbines, distributors, and other stakeholders, which means there are a plethora of of stakes. Blockchain's expertise, through its shared and distributed ledgers, can provide a shared supply of assets and therefore knowledge management can be very powerful. Providing real bills is another kind of profit that expertise brings to every power supplier and customer. Through its unified ledger, blockchain ensures that every participant in the community has access to the current metering and billing process. Traceability of power supply provides customers with a transparent image, thereby providing peace of mind.
In addition to the use cases discussed above, blockchain can protect the privacy, knowledge confidentiality and account management of the power sector. Furthermore, with useful resources shared, experts can provide charging options among many customers, similar to sharing electric vehicle charging infrastructure knowledge, but with even more advantages.
Highly dynamic companies using blockchain
Many dynamic companies are adopting blockchain as a means to streamline current processes and create new capabilities To realize many functions similar to commodity trading, P2P power trading, eliminating middlemen and retailers, knowledge management, etc. Their goal is to include blockchain-based electricity meters and real-time auctions to create an autonomous powered market that might not only lower the price of currently unbalanced energy technologies, but even increase the overall efficiency of the system.
Conclusion
It is clear from the conversation above that blockchain expertise has the potential to transform the power sector. However, the following is specificallyThere are some challenges that families need to deal with. The initial issue is that the blockchain must demonstrate that it is well positioned to provide the scalability, speed, and security required for the proposed use case. Many established and dynamic companies are using blockchain Digital Linear Tape (DLT), clearly revealing the potential value of this rising expertise. However, as this expertise continues to be generated, further improvements are required to achieve desired business and efficiency goals.
National Energy Information Platform contact number: 010-65367702, email: [email protected], address: People’s Daily, No. 2 Jintai West Road, Chaoyang District, Beijing
❿ Energy Research on Blockchain and Dual Carbon Strategy｜Nuclear energy and coal are crucial to achieving carbon neutrality
Nuclear energy and coal are crucial to achieving carbon neutrality
The EU decides to allow some natural gas and nuclear energy projects with a "green label", but this move has been criticized by some European countries. At the same time, according to the “Fit for 55” climate package released by the European Union, some related common sense issues have also become very important.
Currently, energy accounts for nearly 10% of European consumer spending. If we propose an energy transition approach without careful consideration, the social costs of carbon neutrality will increase further. The EU seems to have been trying to build a carbon-free economy without considering whether the technology and processes are feasible, and the costs that EU companies and consumers will need to bear.
01
The instability of the European energy system has led to a delay in the carbon neutrality process
In 2021, the EU region will have many problems in the structure of the power and raw material supply chain. Power outages occurred in many countries due to higher-than-expected energy demand due to a temporary decline in renewable energy efficiency. Declining wind and photovoltaic energy production has led to rising demand for other energy sources such as natural gas and coal. This, coupled with Russian supply restrictions to Europe, caused natural gas prices across Europe to reach new highs last year. In this context, it is puzzling that negative information about nuclear energy continues to emerge, which must be part of the renewable energy mix if we are to achieve carbon neutrality.
Germany has spent hundreds of billions of euros and implemented "energy reform" policies for more than 20 years. By 2021, Germany's largest source of electricity will still be coal (bituminous coal and lignite). Poland will most likely learn from this approach when it realizes its energy transition, and the process of transitioning from coal to other energy sources will also need to be further extended.
European companies do need cheap energy right now. Because EU companies must have access to enough electricity to remain competitive in Europe, supply diversification must be at the heart of the energy transition. Many big events will happen in the energy field in 2021, and people have different opinions about it. I wonder if Europe can realize it. If there is no differenceization strategy, more energy-intensive companies and factories will close. Because they cannot afford long-term losses, these companies will lose their international competitiveness and expand the scale of layoffs, which will have a very far-reaching impact on society.
02
Increase the market purchasing power of natural gas
Under this situation, if the EU wants to increase its purchasing power in the natural gas market, it must take relevant measures to ultimately control natural gas. Investment development in trade.
At present, natural gas power generation accounts for one-fifth of the EU's total electricity demand, making it the most ideal transitional fuel after nuclear energy. Unlike renewable energy sources, the production of natural gas is not dependent on the weather and can enhance the stability of the energy mix. In addition, natural gas systems have shorter start-up times than coal power plants, so they are better able to adapt to fluctuations in energy demand.
But in recent years, the EU has become more dependent on natural gas imported from Russia, which is used by many industrial equipment and power plants.
The EU needs to discuss whether it is possible for Europe to unite to purchase natural gas wholesale, which will help further stabilize relations with Russia and maintain the internal stability of smaller member states.
More importantly, the potential of natural gas as a transitional fuel cannot be fully realized if the necessary infrastructure is not developed. Investing in new liquefied natural gas (LNG) and compressed natural gas (CNG) terminals can help the EU diversify its natural gas supply, open up its energy market, strengthen international cooperation, get rid of its dependence on Russian natural gas, and be in an advantageous position during negotiations for joint natural gas purchases. In addition, increasing the number of natural gas storage facilities and increasing storage capacity can cope with the impact of rapid growth in natural gas consumption.
At the same time, we should also use modern coal power units as backup resources to make them useful in special circumstances. If, as is currently the case, the natural gas system becomes an investment project, starting the natural gas system will help keep natural gas prices stable.
03
The energy mix of the future
As we all know, the green transition cannot be reversed. But until emission-free green energy (renewables, hydrogen and nuclear) can guarantee low prices and a stable and continuous supply, we should build an energy mix that does not create economic turbulence.
Nuclear energy is very stable, green and pollution-free. We must build and regularly maintain nuclear power plants to ensure our economic development and increase the amount of renewable energy available. At present, nuclear energy accounts for 70% of France's energy structure, making it one of the economies with the lowest carbon emissions in Europe.
In the process of Europe's energy transformation, each country will implement relevant measures according to its own capabilities, and energy market integration will play a very huge role, which will help maintain energy prices in the European market at a stable and reasonable level. level. We must therefore encourage European policymakers to use better methods of setting targets so thatremain viable in the future.
National Energy Information Platform contact number: 010-65367702, email: [email protected], address: People’s Daily, No. 2 Jintai West Road, Chaoyang District, Beijing
