Blockchain for energy trading by Jorge Alvarado Blockchain Solutions Architect ELCA Informatique, Switzerland 30th UN CENTRE FOR TRADE FACILITATION AND E-BUSINESS (UN/CEFACT) forum

2D 1D 3D changes in the energy industry decentralization Transmission of electricity over long distances is wasteful, emergence of prosumers and prosumagers, regulations encouraging microgrids. 1D 3D decarbonization Global initiatives to reduce the effects of global warming are expected to discourage the use of fossil fuels digitization decades-old infrastructure is phasing out and replaced by new modern software-powered management, as well as surge of smart meters enhances the quality of electricity-related data

blockchain features with direct impact on energy trading 01 02 03 04 05 06 blockchain features with direct impact on energy trading smart contracts computer code that is permanently running in the blockchain network with its own autonomy 06. digital signatures alice cannot send a message to bob and then deny ever sending it 03. tokens resistant to double spending a token is a smart contract that behaves like a physical metal coin, it can only be in one wallet at any time 05. fault tolerant no central server therefore the network is more resistant to be taken down. 02. resistant to modification every new data block appended is cryptographically tied to the previous entries, modifying the block history is computationally expensive 04. resistant to collusion no central authority or supreme elite can take unilateral decisions 01.

opportunities to use blockchain on energy trading m2m energy economy smart batteries sell directly to other smart devices peer-to-peer energy marketplaces people able to sell/buy their own energy sectorial energy blockchain a sectorial blockchain interconnected with other blockchains (finance, supply chain, etc) semi-connected devices use pay-as-you-go mobile economy for micro purchases of electricity in the poorest regions of the world carbon credits tracking tokens used as mechanism to enforce global climate initiatives transparent pricing/billing consumption tracked transparently, reducing risks of fraud manage demand-side response orchestrate household demand to reduce consumption spikes on electricity grids energy communities management decentralized apps to manage communities of zero-net energy buildings

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