Using blockchain to create and capture value in the energy sector
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/42430 |
Resumo: | The undergoing digital transition of the energy sector refers to the integration of decentralized ledger technologies and data-driven solutions that have the potential to truly revolutionize its ecosystem and business practices. The aim of a decentralized, inter connected and two-way interactive energy grid can be enabled by leveraging blockchain technologies. This research investigates how blockchain technology can create and capture value from data and the new business models applied in Web 3.0 and blockchain-based environments in the energy sector. A qualitative case study research design was conducted for primary data collection and pilot projects by the European Commission were used for secondary data collection. The analysis shows local energy communities as the main blockchain application in this sector, with adjacent applications such as P2P energy trading, smart contract & metering, carbon trading and grid management. The main benefits associated are transparency, integrity, grid automation and renewable energy sources promotion, and obstacles are mainly associated with the contrasting centralized design of the current energy systems. We conclude that value is created and captured through data provenance and transparency, data monetization and tokenization, and data sharing and collaboration in blockchain platforms. New business models include the decentralization and fusion between energy production and consumption, generating a new actor known as the prosumer. Fundamental to a successful implementation of local energy communities that allow energy and asset trading between peers. |
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Using blockchain to create and capture value in the energy sectorBlockchainEnergy sectorValue creationValue captureBusiness model innovationSector energéticoCriação de valorCaptura de valorInovação do modelos de negóciosDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe undergoing digital transition of the energy sector refers to the integration of decentralized ledger technologies and data-driven solutions that have the potential to truly revolutionize its ecosystem and business practices. The aim of a decentralized, inter connected and two-way interactive energy grid can be enabled by leveraging blockchain technologies. This research investigates how blockchain technology can create and capture value from data and the new business models applied in Web 3.0 and blockchain-based environments in the energy sector. A qualitative case study research design was conducted for primary data collection and pilot projects by the European Commission were used for secondary data collection. The analysis shows local energy communities as the main blockchain application in this sector, with adjacent applications such as P2P energy trading, smart contract & metering, carbon trading and grid management. The main benefits associated are transparency, integrity, grid automation and renewable energy sources promotion, and obstacles are mainly associated with the contrasting centralized design of the current energy systems. We conclude that value is created and captured through data provenance and transparency, data monetization and tokenization, and data sharing and collaboration in blockchain platforms. New business models include the decentralization and fusion between energy production and consumption, generating a new actor known as the prosumer. Fundamental to a successful implementation of local energy communities that allow energy and asset trading between peers.A transição digital do sector energético baseia-se na integração de tecnologias de registo descentralizadas e de soluções de tratamento de dados que têm o potencial de revolucionar o seu ecossistema. O objetivo de uma rede de energia descentralizada e interconectada em ambos os sentidos, pode ser concretizado através do recurso a tecnologias blockchain. Esta investigação analisa a forma como esta tecnologia pode criar e reter valor a partir de dados e dos novos modelos de negócio associados à Web 3.0 e a ambientes baseados em blockchain neste sector. Para a recolha de dados primários, foi efetuado um caso de estudo qualitativo. Para dados secundários foram analisados os projetos-piloto da Comissão Europeia. A análise demonstra que as comunidades locais de energia são a principal aplicação da blockchain, com aplicações adjacentes como trocas de energia P2P, contratos e contadores inteligentes, comércio de carbono e gestão da rede. Os principais benefícios associados são a transparência, a integridade, a automatização da rede e a promoção das fontes de energia renováveis. Os obstáculos estão principalmente associados à estrutura centralizada dos atuais sistemas energéticos. Concluímos que o valor é criado e capturado através da proveniência, transparência, monetização, tokenização e integração de dados em plataformas blockchain. Os novos modelos de negócio incluem a descentralização e a fusão entre a produção e o consumo de energia, gerando um novo elemento neste sector, o prosumer. Fundamental para uma implementação bem sucedida de comunidades locais de energia que permitam o comércio de energia e de ativos entre pares.Bohnsack, RéneVeritati - Repositório Institucional da Universidade Católica PortuguesaCosta, Gonçalo de Andrade Santos Lopes da2023-09-18T13:54:32Z2023-06-272023-062023-06-27T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/42430TID:203327446enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-09-26T01:43:51Zoai:repositorio.ucp.pt:10400.14/42430Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:29:38.004358Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Using blockchain to create and capture value in the energy sector |
title |
Using blockchain to create and capture value in the energy sector |
spellingShingle |
Using blockchain to create and capture value in the energy sector Costa, Gonçalo de Andrade Santos Lopes da Blockchain Energy sector Value creation Value capture Business model innovation Sector energético Criação de valor Captura de valor Inovação do modelos de negócios Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Using blockchain to create and capture value in the energy sector |
title_full |
Using blockchain to create and capture value in the energy sector |
title_fullStr |
Using blockchain to create and capture value in the energy sector |
title_full_unstemmed |
Using blockchain to create and capture value in the energy sector |
title_sort |
Using blockchain to create and capture value in the energy sector |
author |
Costa, Gonçalo de Andrade Santos Lopes da |
author_facet |
Costa, Gonçalo de Andrade Santos Lopes da |
author_role |
author |
dc.contributor.none.fl_str_mv |
Bohnsack, Réne Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Costa, Gonçalo de Andrade Santos Lopes da |
dc.subject.por.fl_str_mv |
Blockchain Energy sector Value creation Value capture Business model innovation Sector energético Criação de valor Captura de valor Inovação do modelos de negócios Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Blockchain Energy sector Value creation Value capture Business model innovation Sector energético Criação de valor Captura de valor Inovação do modelos de negócios Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The undergoing digital transition of the energy sector refers to the integration of decentralized ledger technologies and data-driven solutions that have the potential to truly revolutionize its ecosystem and business practices. The aim of a decentralized, inter connected and two-way interactive energy grid can be enabled by leveraging blockchain technologies. This research investigates how blockchain technology can create and capture value from data and the new business models applied in Web 3.0 and blockchain-based environments in the energy sector. A qualitative case study research design was conducted for primary data collection and pilot projects by the European Commission were used for secondary data collection. The analysis shows local energy communities as the main blockchain application in this sector, with adjacent applications such as P2P energy trading, smart contract & metering, carbon trading and grid management. The main benefits associated are transparency, integrity, grid automation and renewable energy sources promotion, and obstacles are mainly associated with the contrasting centralized design of the current energy systems. We conclude that value is created and captured through data provenance and transparency, data monetization and tokenization, and data sharing and collaboration in blockchain platforms. New business models include the decentralization and fusion between energy production and consumption, generating a new actor known as the prosumer. Fundamental to a successful implementation of local energy communities that allow energy and asset trading between peers. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-09-18T13:54:32Z 2023-06-27 2023-06 2023-06-27T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/42430 TID:203327446 |
url |
http://hdl.handle.net/10400.14/42430 |
identifier_str_mv |
TID:203327446 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799133564522987520 |