Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/201353
Authors: 
Hukkinen, Taneli
Mattila, Juri
Ilomäki, Juuso
Seppälä, Timo
Year of Publication: 
2017
Series/Report no.: 
ETLA Report 71
Abstract: 
This report documents a blockchain application developed for the energy sector that enables distributed market coordination for decentralized energy systems. As its core element, it utilizes Ethereum-based smart contracts to facilitate market matching between individual producers and consumers of electricity. The motive for this application was to understand the process of developing blockchain applications with industrial partners. Moreover, the purpose of this exercise was to examine whether Ethereum-based smart contracts could be effectively utilized for similar applications in industry and society at large. The application and the discussions during its development indicate that similar horizontal market structures may spring up in value chains in which the dynamicity of the market is growing and in which the roles of the market actors are shifting from fixed roles towards switch-role markets.
Subjects: 
Blockchain
Application
Distributed marketplace
Energy industry
Ethereum
Smart contract
JEL: 
L1
L17
L52
L73
L94
Document Type: 
Research Report

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.