Today, the energy market trend is shifting towards a decentralised market where individuals, communities and small businesses across many parts of the world are entering the energy market as ‘prosumers’ – often for environmental as well as economic reasons. It is a trend highlighting the limits of the traditional energy policy of many governments. There are two critical problems still unresolved in the global energy market today, including the uni-directional grid design and a renewable energy finance gap. The guest lecture will introduce blockchain technology which is set to be an effective tool to address these problems with its three key features: distributed ledger, smart contracts and consensus algorithm. The use of complementary cryptocurrency for peer-to-peer energy trading at the community level could also address the blind spots of the feed-in tariff system prevailing in many countries.

Talk will be conducted in English.