The fifth archetype of electricity market: the blockchain marketplace

Yueqiang Xu, Petri Ahokangas, Seppo Yrjölä, Timo Koivumäki
2019 Wireless networks  
Enabling and empowering the diverse energy resources to have active yet efficient participation in the smart grid and energy market is an unrivaled challenge for the energy industry. This research expands the four dominant archetypes of business models in the energy and electricity market, creating a fifth archetype, the "blockchain marketplace". The contributions of the study are to identify the extant electricity market designs and architectures as centralized and pseudodecentralized while
more » ... posing a fully decentralized architecture enabled by the blockchain. The research contributes to the literature of smart grids and demand-side management and introduces the value configuration/architecture approach for the energy market and business model domains.
doi:10.1007/s11276-019-02065-9 fatcat:blppex3dp5dwjkthfja6uyccoe