2018/08/02 by Jun Zhang, Zhang, Jun, Fei–Yue Wang +4
Computer Science · Economics, Econometrics and Finance · Energy · #Blockchain Technology Applications and Security #FOS: Economics and business #General Finance (q-fin.GN) #Global Energy Security and Policy #q-fin.GN
paper · pdf · doi:10.48550/arxiv.1808.01261
arxiv created 2018/08/02 · openalex publication_date 2018/08/02 · arxiv updated 2018/08/06 · openalex created_date 2021/02/01 · openalex updated_date 2026/07/28
Traditional centralized energy systems have the disadvantages of difficult management and insufficient incentives. Blockchain is an emerging technology, which can be utilized in energy systems to enhance their management and control. Integrating token economy and blockchain technology, token economic systems in energy possess the characteristics of strong incentives and low cost, facilitating integrating renewable energy and demand side management, and providing guarantees for improving energy efficiency and reducing emission. This article describes the concept and functionality of token economics, and then analyzes the feasibility of applying token economics in the energy systems, and finally discuss the applications of token economics with an example in integrated energy systems.