The fifth archetype of electricity market: the blockchain marketplace

Enabling and empowering the diverse energy resources to have active yet efficient participation in the smart grid and energy market is an unrivaled challenge for the energy industry. This research expands the four dominant archetypes of business models in the energy and electricity market, creating...

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Bibliographic Details
Published in:Wireless networks 2021-08, Vol.27 (6), p.4247-4263
Main Authors: Xu, Yueqiang, Ahokangas, Petri, Yrjölä, Seppo, Koivumäki, Timo
Format: Article
Language:English
Subjects:
Archetypes
Architecture
Blockchain
Business
Communications Engineering
Computer Communication Networks
Cryptography
Domains
Electrical Engineering
Electricity
Energy industry
Energy management
Energy sources
Engineering
IT in Business
Networks
Smart grid
Wireless networks
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Summary:Enabling and empowering the diverse energy resources to have active yet efficient participation in the smart grid and energy market is an unrivaled challenge for the energy industry. This research expands the four dominant archetypes of business models in the energy and electricity market, creating a fifth archetype, the “blockchain marketplace”. The contributions of the study are to identify the extant electricity market designs and architectures as centralized and pseudo-decentralized while proposing a fully decentralized architecture enabled by the blockchain. The research contributes to the literature of smart grids and demand-side management and introduces the value configuration/architecture approach for the energy market and business model domains.
ISSN:1022-0038
1572-8196
DOI:10.1007/s11276-019-02065-9