Distributed Renewable Energy Management: A Gap Analysis and Proposed Blockchain-Based Architecture

Henninger A., Mashatan A.

Journal of Risk and Financial Management, vol.15, no.5, 2022 (ESCI) identifier identifier identifier

  • Publication Type: Article / Review
  • Volume: 15 Issue: 5
  • Publication Date: 2022
  • Doi Number: 10.3390/jrfm15050191
  • Journal Name: Journal of Risk and Financial Management
  • Journal Indexes: Emerging Sources Citation Index (ESCI), Scopus, ABI/INFORM, EconLit, Directory of Open Access Journals
  • Keywords: blockchain, renewable energy, P2P, smart grid, microgrid, IT architecture, grid management, IT infrastructure, verifiable credentials (VC), decentralized IDs (DID)
  • TED University Affiliated: No


© 2022 by the authors. Licensee MDPI, Basel, Switzerland.The heterogeneous and decentralized nature of renewable energy sources is too much to handle for traditional and centralized IT grid infrastructure. Blockchain technology can address many of the associated challenges. This paper provides an overview of the state-of-the-art technology layers of grid system infrastructure, a proposed future state using blockchain technology, and gap analysis. The paper also contributes a set of architectural requirements for a blockchain-enabled future state and a proposed hybrid architecture using blockchain technology, verifiable credentials, and smart contracts. This architecture can uniquely support the technology layers critical to renewable energies, including system architecture, registries, grid management, billing, privacy, and interoperability.