Using Blockchain to Enable Cleaner, Modern Energy Systems in Emerging Markets

Emerging markets must attract significant international financing to meet their goals for mitigating carbon pollution and increasing access to clean, affordable, reliable, and resilient energy. The authors* of this note examine how blockchain technology can—if paired with smart, interconnected devices—promote needed investments by both improving investment processes and promoting the adoption of modern energy systems and business models. Given the nascent status of both blockchain technology and blockchain applications specific to the energy sector, this note offers guidance to better assess where and how to apply blockchain technology to achieve a modern, clean, energy future including in emerging markets.

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Bibliographic Details
Main Authors: Miller, Douglas, Mockel, Peter
Format: Brief biblioteca
Language:English
Published: International Finance Corporation, Washington, DC 2018-11
Subjects:EMERGING MARKET ECONOMIES, BLOCKCHAIN TECHNOLOGY, CLEAN ENERGY, GREENHOUSE GAS EMISSIONS, CLIMATE CHANGE MITIGATION, ENERGY SECTOR, RENEWABLE ENERGY,
Online Access:http://documents.worldbank.org/curated/en/276911547847581837/Using-Blockchain-to-Enable-Cleaner-Modern-Energy-Systems-in-Emerging-Markets
https://hdl.handle.net/10986/31200
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Summary:Emerging markets must attract significant international financing to meet their goals for mitigating carbon pollution and increasing access to clean, affordable, reliable, and resilient energy. The authors* of this note examine how blockchain technology can—if paired with smart, interconnected devices—promote needed investments by both improving investment processes and promoting the adoption of modern energy systems and business models. Given the nascent status of both blockchain technology and blockchain applications specific to the energy sector, this note offers guidance to better assess where and how to apply blockchain technology to achieve a modern, clean, energy future including in emerging markets.