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Blockchain Technology in the Energy Sector

Blockchain Technology in the Energy Sector

SYNOPSIS

Blockchain is deemed to be as transformative as the internet. While the initial buzz surrounding the blockchain technology evolved around the cryptocurrencies and applications in the financial services (specifically Bitcoin, the first up and running blockchain), there is a growing interest in emerging blockchain technology applications in the energy sector. Numerous sources from energy supply firms, academic community and technology developers suggest that blockchain and distributed ledger technologies have the potential to bring remarkable benefits and innovations to the energy industry and enable a decentralized, digitized, democratized, resilient and stable electrical grid. Energy blockchain can provide a transparent, tamper-proof and secure platform for applications such as peer to peer transactive energy, decentralized market places, electric vehicle charging management, asset management and register, etc.

In this seminar, an introduction of the fundamentals of blockchain and distributed ledger technology is initially provided with a focus on the features that make it well-suited for the energy industry. Then a review of notable use cases and possible challenges in the energy sector that could use blockchain as a solution is presented. Also, several pilot projects and startup companies will be introduced. Finally, some potential challenges and opportunities that this technology may create for regulators and regulatory requirements and challenges are discussed.

ABOUT THE PRESENTER

Ali Kharrazi holds a bachelor degree in Electronic Engineering and a Master of Science degree in Control Engineering from Iran where he worked as Project Engineer and Telecom Engineer for various industries. He received his Honor degree in Electrical Power Engineering from Murdoch University in 2015. Currently, he is pursuing his Ph.D. in transactive energy models and integration of DERs in the University of Western Australia where he also works as a lecturer.

 

Event Details

Tuesday 13 August 2019

5pm for 5:30pm start – 7pm

Venue

Engineers Australia Auditorium

712 Murray St

West Perth WA

Cost

EESA members: $0
Non-members: $30

Host

WA Chapter of EESA.

Event Contact

Contact Organiser

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