TY  - JOUR
A1  - Höhne, Stefan
A1  - Tiberius, Victor
T1  - Powered by blockchain
T2  - International journal of energy sector management
N2  - Purpose: The purpose of this study is to formulate the most probable future scenario for the use of blockchain technology within the next 5–10 years in the electricity sector based on today’s experts’ views.
Design/methodology/approach: An international, two-stage Delphi study with 20 projections is used. 
Findings: According to the experts, blockchain applications will be primarily based on permissioned or consortium blockchains. Blockchain-based applications will integrate Internet of Things devices in the power grid, manage the e-mobility infrastructure, automate billing and direct payment and issue certificates regarding the origin of electricity. Blockchain solutions are expected to play an important big role in fostering peer-to-peer trading in microgrids, further democratizing and decentralizing the energy sector. New regulatory frameworks become necessary.
Research limitations/implications: The Delphi study’s scope is rather broad than narrow and detailed. Further studies should focus on partial scenarios. 
Practical implications: Electricity market participants should build blockchain-based competences and collaborate in current pilot projects. 
Social implications: Blockchain technology will further decentralize the energy sector and probably reduce transaction costs. Originality/value: Despite the assumed importance of blockchain technology, no coherent foresight study on its use and implications exists yet. This study closes this research gap.
KW  - innovation
KW  - surveys
KW  - scenario analysis
KW  - blockchain technology
KW  - Delphi
KW  - method
KW  - digitization
KW  - electricity market
Y1  - 2020
UR  - https://publishup.uni-potsdam.de/frontdoor/index/index/docId/56148
SN  - 1750-6220
SN  - 1750-6239
VL  - 14
IS  - 6
SP  - 1221
EP  - 1238
PB  - Emerald Group Publishing Limited
CY  - Bingley
ER  -