Blockchain Technology in Energy Supply Chain Management
Saad Alateef, Amjad Aldweesh, Mohammad Alauthman, Mohammed Alkasassbeh +1
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100% confidenceMES research with emerging-tech focus on technology, economic, standard. This paper proposes a blockchain-based framework to optimize energy supply chain management, delineating its pot...
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Abstract
This paper proposes a blockchain-based framework to optimize energy supply chain management, delineating its potential to transform energy sourcing, allocation, and consumption processes.The framework elucidates critical components such as decentralized record-keeping, smart contracts for automated transactions, and robust security protocols, thereby ensuring data integrity and resilience against cyberattacks. A prototype system is developed and tested to evaluate performance metrics, including scalability, transaction speed, and energy tracking accuracy.The results highlight the considerable benefits of blockchain, including enhanced transparency, cost efficiency, and improved stakeholder collaboration. Conclusively, the paper identifies current challenges ranging from technical scalability to regulatory hurdles and suggests future directions for augmenting blockchain's impact on energy supply chains, ultimately reinforcing the global transition towards more sustainable energy systems
Keywords
Identifiers
- Journal
- Blockchain Applications for the Energy and Utilities Industry
- Year
- 2025