Article

Blockchain in Energy and Utilities: Definitions, Use Cases, Standards, and Frameworks

Posted January 7, 2020 in Business Agility & Software Engineering Excellence, Business Technology & Digital Transformation Strategies, Data Analytics & Digital Technologies Cutter Business Technology Journal
utility

Claudio Lima explains how blockchain technology can be used to digitize and foster growth in the energy sector. DLT has the potential to optimize energy management processes and to deal with the growing complexity in the decentralized energy system. Lima introduces the IEEE P2418.5 Standard for Blockchain in Energy, which creates an industry framework that will help with interoperability among different blockchain use cases and technologies. A DLT layer complements existing smart grid architectures, improves grid security and efficiency, and reduces the costs of utility operation.

About The Author
Claudio Lima
Claudio Lima, PhD, is cofounder of the Blockchain Engineering Council, chair of the IEEE Blockchain Standards working group, and cofounder of the IEEE Blockchain Pandemic Surveillance working group/TAB. He is leading global efforts to design, architect, and develop blockchain-enabled COVID-19 digital infrastructures to help governments and health authorities deploy new solutions to fight the pandemic. Dr. Lima earned a PhD in electronic… Read More
Not a member? Gain Access to the Cutter Experts today — register now to read select open-access articles.