Download or read book Regulatory Aspects of Artificial Intelligence on Blockchain written by Tehrani, Pardis Moslemzadeh and published by IGI Global. This book was released on 2021-09-24 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The convergence of Artificial Intelligence (AI) in blockchain creates one of the world’s most reliable technology-enabled decision-making systems that is virtually tamper-proof and provides solid insights and decisions. The integration of AI and Blockchain affects many aspects from food supply chain logistics and healthcare record sharing to media royalties and financial security. It is imperative that regulatory standards are emphasized in order to support positive outcomes from the integration of AI in blockchain technology. Regulatory Aspects of Artificial Intelligence on Blockchain provides relevant legal and security frameworks and the latest empirical research findings in blockchain and AI. Through the latest research and standards, the book identifies and offers solutions for overcoming legal consequences that pertain to the application of AI into the blockchain system, especially concerning the usage of smart contracts. The chapters, while investigating the legal and security issues associated with these applications, also include topics such as smart contacts, network vulnerability, cryptocurrency, machine learning, and more. This book is essential for technologists, security analysts, legal specialists, privacy and data security practitioners, IT consultants, standardization professionals, researchers, academicians, and students interested in blockchain and AI from a legal and security viewpoint.

Download or read book Bitcoin Blockchain and the Energy Sector written by Heather L Greenley and published by . This book was released on 2019-08-22 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The popularity of cryptocurrencies such as Bitcoin and the underlying blockchain technology presents both challenges and opportunities to the energy sector. As interest in Bitcoin and other cryptocurrencies has increased, the energy demand to support cryptocurrency "mining" activities has also increased. The increased energy demand-when localized-can exceed the available power capacity and increase customers' electricity rates. On the other hand, not all cryptocurrencies require energy-intensive mining operations. In addition, blockchain technologies could present opportunities for the energy sector by facilitating energy and financial transactions on a smart grid. Bitcoin and other cryptocurrencies can be used to make payments without banks or other third-party intermediaries, and are sometimes considered virtual currency. The technology underlying these cryptocurrencies is blockchain. A blockchain is a digital distributed ledger that enables parties who may not otherwise trust one another to agree on the current ownership and distribution of assets in order to conduct new business. New blocks may be added to a blockchain through a variety of methods. In mining blocks, users seek to add the next block to the chain. For Bitcoin, new blocks are added to the blockchain through a proof-of-work (PoW) algorithm. Under PoW, miners-those seeking to add a block to a blockchain-are presented a difficult computational problem. Once the problem is solved, other users can validate the solution and confirm the block, adding the next block to the chain. In the case of Bitcoin, miners who create and publish new blocks are rewarded with Bitcoin. Less energy intensive, alternative algorithms exist, such as proof of stake and proof of authority. Cryptocurrency mining through PoW requires substantial energy to operate and thermally regulate the requisite hardware. Devices have different performance capabilities and have different power requirements. Generally, the device, or a cluster of devices, that can perform more calculations per second will require more energy for powering and cooling. Global power requirement estimates for Bitcoin have increased within the last five years. Network power estimates for 2018 range between 2,500 megawatts (MW) and 7,670 MW, which is nearly 1% of U.S. electricity generating capacity. Opinions differ on whether future growth in Bitcoin will significantly impact energy consumption and subsequent carbon dioxide (CO2) emissions. Cryptocurrency mining includes costs associated with equipment, facilities, labor, and electricity. Some users pool computational resources to solve PoW problems faster, and are on a worldwide hunt for cheap, reliable electricity. While many mining pools are in China, some have been able to utilize closed industrial facilities in the United States that can provide affordable abundant electricity. A 2017 study found that nearly three-quarters of all major mining pools are based in either China (58%) or in the United States (16%). Governments are developing various policies in response to growth in energy demand by cryptocurrency mining activities. In some areas, applications from potential mining companies have exceeded the available capacity. Other areas have offered reduced electricity rates to attract miners. In the United States, federal policy options to improve energy efficiency of mining operations include minimum energy conservation standards and data center energy efficiency standards. In addition to the challenges that cryptocurrency mining presents to the energy sector, there are also opportunities, particularly for blockchain. These may include electric vehicle charging infrastructure and distributed energy resources, among others. The U.S. electricity grid is critical infrastructure and subject to regulation. Opinions differ as to a potential role for blockchain technology in the energy sector.

Download or read book The Third Industrial Revolution written by Jeremy Rifkin and published by Macmillan + ORM. This book was released on 2011-10-04 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Industrial Revolution, powered by oil and other fossil fuels, is spiraling into a dangerous endgame. The price of gas and food are climbing, unemployment remains high, the housing market has tanked, consumer and government debt is soaring, and the recovery is slowing. Facing the prospect of a second collapse of the global economy, humanity is desperate for a sustainable economic game plan to take us into the future. Here, Jeremy Rifkin explores how Internet technology and renewable energy are merging to create a powerful "Third Industrial Revolution." He asks us to imagine hundreds of millions of people producing their own green energy in their homes, offices, and factories, and sharing it with each other in an "energy internet," just like we now create and share information online. Rifkin describes how the five-pillars of the Third Industrial Revolution will create thousands of businesses, millions of jobs, and usher in a fundamental reordering of human relationships, from hierarchical to lateral power, that will impact the way we conduct commerce, govern society, educate our children, and engage in civic life. Rifkin's vision is already gaining traction in the international community. The European Union Parliament has issued a formal declaration calling for its implementation, and other nations in Asia, Africa, and the Americas, are quickly preparing their own initiatives for transitioning into the new economic paradigm. The Third Industrial Revolution is an insider's account of the next great economic era, including a look into the personalities and players — heads of state, global CEOs, social entrepreneurs, and NGOs — who are pioneering its implementation around the world.

Download or read book Blockchain Based Systems for the Modern Energy Grid written by Sanjeevikumar Padmanaban and published by Academic Press. This book was released on 2022-09-13 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain-Based Systems for a Paradigm Shift in the Energy Grid explores the technologies and tools to utilize blockchain for energy grids and assists professionals and researchers to find alternative solutions for the future of the energy sector. The focus of this globally edited book is on the application of blockchain technology and the balance between supply and demand for energy and where it is achievable. Looking at the integration of blockchain and how it will make the network resistant to any failure in sub-components, this book has very clearly explores the areas of energy sector that need in-depth study of Blockchain for expanding energy markets. Meeting the demands of energy by local trading, verifying use of green energy certificates and providing a greater understanding of smart energy grids and Blockchain use cases. Exhaustively exploring the use of Blockchain for energy, this reference useful for all those in the energy industry looking to avoid disruption in the grid and sustain and control successful flow of electricity. Methods and techniques of Blockchain-based trading and payments are included Provides process diagrams in techniques and balancing demand and supply Internet of Energy and its architecture for the future energy sector is explained

Download or read book Blockchain Technology in the Energy Industry written by Bartek Mika and published by . This book was released on 2020-02-13 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: The expansion of renewable energy is rapidly increasing as part of the energy revolution. The structure of energy supply systems is becoming increasingly decentralized (decentralization). New players, such as prosumers, who generate and consume their own electricity, could establish themselves in the electricity market. However, due to their low capacity, prosumers are currently unable to participate economically in electricity trading. In particular, the increasing complexity of control and the load on the network infrastructure as well as the high requirements on data security, which are associated with the exchange of electricity and the associated electricity bills, require digitalization of the energy revolution (Energiewende 2.0). The aim of this book is to examine if the "blockchain as a driver of the energy revolution" for the development of new digital business models can contribute to the successful transformation of the energy system. Numerous statements from energy industry experts, study results and two surveys indicate that blockchain has high potential in the medium and long term to significantly impact the energy industry in the coming years. Blockchain technology promises economic value through its strengths such as disintermediation, security, transparency and automation. However, in addition to technical challenges such as the upcoming smart meter rollout, the smart meter gateway required for communication, and the compatibility between the smart metering systems and the blockchain, there are also legal and regulatory hurdles which make the use of the blockchain difficult in the short-term. By far the most widely discussed usage of blockchain in the energy sector is the peer-to-peer trading of decentralized electricity from renewable energies. Therefore, it was examined within the framework of a concept, whether there is a possibility for prosumers to participate economically in electricity trading, despite their low capacity. The results show that due to regulatory constraints such an implementation is only possible in form of a service model in which all areas of responsibility are transferred to a service provider (eg electricity supplier). An independently developed business model, which includes peer-to-peer trading based on a service, shows the required infrastructure, a detailed process description in the context of a business process map and one option to configure the blockchain.

Download or read book Impact of Blockchain Technology on the Energy Industry in Germany written by and published by GRIN Verlag. This book was released on 2023-07-28 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2022 in the subject Economics - Industrial Economics, grade: 1,0, Fresenius University of Applied Sciences Hamburg, language: English, abstract: What impact will blockchain technology have on the energy industry in Germany? For some years now, blockchain technology has been increasingly in the focus of the media, companies and even countries. The potential of this new technology is still largely unknown. Nevertheless, possible applications for society and industry can already be found today. Cryptocurrencies can be traded anonymously worldwide, independent of states, banks or other institutions. That is why they are increasingly in the focus of politics and under strong criticism. However, blockchains can not only be used to exchange digital currencies, but also to design new digital use cases that could play an important role, especially in the age of digitalization. These potentially faster, autonomous and decentralized applications are secured by cryptographic keys. Companies, as well as the general public, can benefit from the properties of the blockchain. The data on the blockchain is immutable and open to inspection. Therefore, they provide a high level of security and trust in the digital world that did not exist before. The new technology is influencing many areas of the economy, including the energy industry in Germany. Germany and many European countries are currently in the midst of the energy transition. Renewable energy sources are an important part of this. Nuclear and coal-fired power plants are being dismantled and wind and solar farms are being built. In addition, more and more private households are producing their own energy. This is changing the energy supply from a centralized to a decentralized grid.

Download or read book Blockchain in Energy written by Jan Veuger and published by CRC Press. This book was released on 2024-02-06 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global energy crisis is accelerating, and within Europe, the European Union (EU) is actively working to address this challenge through policy frameworks and political management. However, the energy market remains fiercely competitive, prompting us to explore alternative energy sources and rethink how we generate, distribute, and utilize power. This, in turn, raises questions about the allocation of power, energy availability, and usage in various contexts. Furthermore, the digital realm is undergoing rapid transformation across multiple sectors. Drawing on my expertise in blockchain technology, I recognize numerous opportunities to enhance the transparency and reliability of data related to energy issues. By leveraging blockchain, we can ensure that the information available is trustworthy and insightful for every user. The aim of this book is to share my knowledge in the realm of energy and blockchain. It addresses the urgency of addressing global energy challenges and acknowledges the pivotal role of the EU in this endeavor. It also highlights the intensity of competition in the energy market and the need for innovative approaches. The book also demonstrates how blockchain can contribute to solving these issues, empowering individuals and organizations with reliable information and insights in the field of energy and blockchain technology.

Download or read book A Practical Guide to Trading and Tracing for the Energy Blockchain written by Giuseppe Sciumè and published by Springer Nature. This book was released on 2022-05-07 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the main features, fundamental principles, and application areas of blockchain technology. It explains how this technology can contribute to the electricity market by enabling the implementation of new business models and new energy scenarios. The first chapter is an introductory section which covers the basic elements for framing the blockchain in the different application fields. The following chapters describe the various phases of the Italian electricity market and the players involved in each phase, the new business models and the main regulations; the features of blockchain that are useful for the energy system; and the integration of a blockchain platform for the execution of Demand Response events in an existing power grid. In the fifth chapter the results of the experimental implementation of the architecture described previously are presented, and in the final chapter the BloRin project is presented, which aims to create a blockchain-based platform for renewable energy deployment and energy exchange management. The volume targets graduate students, researchers and practitioners, and addresses the development of a new methodology for the implementation of energy services using blockchain technology, providing a guide in the blockchain area for the energy sector.

Download or read book Blockchain and Artificial Intelligence Technologies for Smart Energy Systems written by Hongjian Sun and published by CRC Press. This book was released on 2023-10-04 with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: Present energy systems are undergoing a radical transformation, driven by the urgent need to address the climate change crisis. At the same time, we are witnessing the sharp growth of energy data and a revolution of advanced technologies, with artificial intelligence (AI) and Blockchain emerging as two of the most transformative technologies of our time. The convergence of these two technologies has the potential to create a paradigm shift in the energy sector, enabling the development of smart energy systems that are more resilient, efficient, and sustainable. This book situates itself at the forefront of this paradigm shift, providing a timely and comprehensive guide to AI and Blockchain technologies in the energy system. Moving from an introduction to the basic concepts of smart energy systems, this book proceeds to examine the key challenges facing the energy system, and how AI and Blockchain can be used to address these challenges. Research examples are presented to showcase the role and impact of these new technologies, while the latest developed testbeds are summarised and explained to help researchers accelerate their development of these technologies. This book is an indispensable guide to the current changes in the energy system, being of particular use to industry professionals, from researchers to management, looking to stay ahead of technological developments.

Download or read book Application of Blockchain Technology in Energy Trading written by Feba Sara Vinu and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy traders and investors may need help with the process for various reasons. Therefore, technology can be used to streamline the process for all parties involved. Using blockchain in energy trading has the potential to transform the industry entirely.Research and discussion on the connection between centralised energy systems and climate change are quickly gaining popularity. Numerous potential solutions, including distributed energy resources (DERs), renewable energy sources, and blockchain-based peer-to-peer (P2P) energy trading, will undoubtedly be implemented for such a significant problem. This article will describe the platform, applications, and effects of using blockchain in energy trading.The energy sector must deal with significant issues like rising energy consumption, a failing environment, and rapidly changing technology. The blockchain solution has the potential to help, but it only sometimes solves these issues. Although Bitcoin miners and cryptocurrencies are frequently linked to the blockchain, this technology also applies to the transactive energy market.

Download or read book Blockchain Based Smart Grids written by Miadreza Shafie-khah and published by Academic Press. This book was released on 2020-05-14 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain-Based Smart Grids presents emerging applications of blockchain in electrical system and looks to future developments in the use of blockchain technology in the energy market. Rapid growth of renewable energy resources in power systems and significant developments in the telecommunication systems has resulted in new market designs being employed to cover unpredictable and distributed generation of electricity. This book considers the marriage of blockchain and grid modernization, and discusses the transaction shifts in smart grids, from centralized to peer-to-peer structures. In addition, it addresses the effective application of these structures to speed up processes, resulting in more flexible electricity systems. Aimed at moving towards blockchain-based smart grids with renewable applications, this book is useful to researchers and practitioners in all sectors of smart grids, including renewable energy providers, manufacturers and professionals involved in electricity generation from renewable sources, grid modernization and smart grid applications. Considers the current challenges facing smart grids and presents solutions on how blockchain technology could counter these issues Incorporates detailed applications of blockchain in smart grids based on dynamic research and developments Includes models, algorithms, and frameworks to practically demonstrate the uses of blockchain technology Written by a global group of authors for worldwide coverage

Download or read book How Will Blockchain Change The World written by IntroBooks Team and published by IntroBooks. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Nobody can deny the importance of currency in the financial or economic world. With the advancements in technology, there was a need for some digital way to store data. Then Blockchain arrived and changed the thinking of people and businesses. Yes, Blockchain is definitely a breakthrough in the digital financial world and it is going to be the stronger technology for future generations. Big companies, as well as businesses, have felt the importance of this new technology. That is why many of the biggest organizations, business owners and businesses are focusing on Blockchain. They also think that this is going to be the front line method to transfer or send money from one place of the world to the other place within a few seconds. There is no doubt that Blockchain has already made great changes in the financial as well as the other fields of the world. In the future, it is expected to grow more and surely its future is bright.

Download or read book Blockchain written by Melanie Swan and published by "O'Reilly Media, Inc.". This book was released on 2015-01-24 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bitcoin is starting to come into its own as a digital currency, but the blockchain technology behind it could prove to be much more significant. This book takes you beyond the currency ("Blockchain 1.0") and smart contracts ("Blockchain 2.0") to demonstrate how the blockchain is in position to become the fifth disruptive computing paradigm after mainframes, PCs, the Internet, and mobile/social networking. Author Melanie Swan, Founder of the Institute for Blockchain Studies, explains that the blockchain is essentially a public ledger with potential as a worldwide, decentralized record for the registration, inventory, and transfer of all assets—not just finances, but property and intangible assets such as votes, software, health data, and ideas. Topics include: Concepts, features, and functionality of Bitcoin and the blockchain Using the blockchain for automated tracking of all digital endeavors Enabling censorship?resistant organizational models Creating a decentralized digital repository to verify identity Possibility of cheaper, more efficient services traditionally provided by nations Blockchain for science: making better use of the data-mining network Personal health record storage, including access to one’s own genomic data Open access academic publishing on the blockchain This book is part of an ongoing O’Reilly series. Mastering Bitcoin: Unlocking Digital Crypto-Currencies introduces Bitcoin and describes the technology behind Bitcoin and the blockchain. Blockchain: Blueprint for a New Economy considers theoretical, philosophical, and societal impact of cryptocurrencies and blockchain technologies.

Download or read book Blockchain Technology in Corporate Governance written by Kiran Sood and published by John Wiley & Sons. This book was released on 2022-10-13 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: BLOCKCHAIN TECHNOLOGY IN CORPORATE GOVERANCE This book investigates the recent applications of blockchain technology in financial services, energy sector, and summarizes regulatory responses, to set the scene for future work on corporate governance. This edited book highlights the current governance framework for the blockchain and its development as a self-governing framework. It discusses blockchain technology’s effectiveness in developing solutions for supply chains, trade finance, and banking. Moreover, it shows how banking and financial institutions are the major beneficiaries of this decentralized technology. Furthermore, the book outlines the link between company governance theories, regulatory, ethical, and social controls, and blockchain adoption. It also investigates the recent applications of blockchain technology in financial services, the health sector, and the energy sector. Audience The book is specially designed for researchers, industrialists, engineers, graduate students, and policymakers, who aspire to learn, discuss, and carry out further research into the opportunities offered by blockchain and the possible ways of regulating it.

Download or read book Breaking the Stagnant Spell written by Adrienne Adjeleian and published by . This book was released on 2018 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose: The energy sector has experienced insignificant growth over the past few decades, despite the global shift towards renewable resources. As Blockchain technology and the IoT begin to disrupt multiple industries, utilities and individuals are both presented with the opportunity to capitalize on the fastest-growing energy source. Therefore, the purpose of this paper is to investigate the current pain points facing the solar power sector and discuss existing blockchain-based solutions to mitigate said issues.Approach: Online research and Internet-based resources were used to explore the potential use cases of blockchain to initiate the permanent shift of the energy industry towards renewable resources.Findings: The findings identified several blockchain-based applications such as smart metering, peer-to-peer trading, EV charging, renewable cryptocurrencies, wholesale trading and settlements, energy access, blockchain labs, and various decentralized energy applications. Results demonstrate the high potential for utility companies to benefit from this technology while also considering limitations of the applications.Discussion: It is likely to be over a decade before any significant progress is made in the renewable energy sector, which can be mainly attributed to the high cost of energy storage and the inability to conduct large-scale research-backed pilots. Value: There are several publications on blockchain and energy which focus on specific applications within the industry. This paper provides value through its comprehensive list of existing pain points in energy production, storage, and distribution, while also exploring the most prominent use-cases currently aiming to tackle these issues.

Download or read book Business Transformation through Blockchain written by Horst Treiblmaier and published by Springer. This book was released on 2018-12-30 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second volume of this edited collection offers a number of contributions from leading scholars investigating Blockchain and its implications for business. Focusing on the transformation of the overall value chain, the sections cover the foundations of Blockchain and its sustainability, social and legal applications. It features a variety of use cases, from tourism to healthcare. Using a number of theoretical and methodological approaches, this innovative publication aims to further the cause of this ground-breaking technology and its use within information technology, supply chain and wider business management research.

Download or read book Transforming Climate Finance and Green Investment with Blockchains written by Alastair Marke and published by Academic Press. This book was released on 2018-06-28 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transforming Climate Finance and Green Investment with Blockchains establishes and analyzes the connection between this revolutionary technology and global efforts to combat climate change. The benefits of blockchain come through various profound alterations, such as the adoption of smart contracts that are set to redefine governance and regulatory structures and transaction systems in coming decades. Each chapter contains a problem statement that describes the challenges blockchain technology can address. The book brings together original visions and insights from global members of the Blockchain Climate Institute, comprising thought leaders, financial professionals, international development practitioners, technology entrepreneurs, and more. This book will help readers understand blockchain technology and how it can facilitate the implementation of the Paris Agreement and accelerate the global transition to a green economy. Provides an authoritative examination of this emerging digital technology and its implications on global climate change governance Includes detailed proposals and thorough discussions of implementation issues that are specific to green economy sectors Relates innovative proposals to existing applications to demonstrate the value add of blockchain technology Covers blockchain for the smarter energy sector, for fraud-free emissions management, to streamline climate investments, and legal frameworks for blockchain-based climate finance