Blockchain use cases classification

We introduce the main use case classes of blockchain applications, concentrating on the power system, the wider energy system and other coupled/interfacing sectors.

Blockchain technology could provide the infrastructure for sophisticated networks that manage payments, sales, trading, and distribution. Blockchains can be used for facilitating the interaction of smart devices such as: smart meters, advanced sensors, network monitoring equipment, control and energy management systems, but also smart home energy controllers and building monitoring systems. That said, blockchain technologies are still in their infancy, and questions remain about security, scalability, and governance.

Identifying use cases is crucial to understand how blockchains could be used in the electricity sector and beyond. Several classifications have been proposed by industry and in the scientific literature.

For the sake of simplicity we will consider three main use case classes:

  • Blockchain solutions centred on the power system (meaning: electricity system and market);
  • Blockchain solutions going beyond the power system and moving into the energy system (including investments on renewables and energy efficiency and initiatives)
  • Integrated, transversal solutions (involving more countries or more technologies or multi-purpose projects and platforms,…)

Each class includes more use cases and clearly the borders between those classes are somehow blurred.

More in detail: