IEEE SA Blockchain in Energy Standardization Framework: Grid and Prosumer Use Cases

Blockchain is an emerging technology that can be applied to many industries involving transactions. It is a fair, transparent and secure way to settle and record transactions between multiple parties without the involvement of a third party. In recent years, many blockchain applications in the field of energy have emerged, however, there is still no guideline or standard for blockchain applications in energy yet. In order to fill the gap, the paper aims to provide a brief review of grid and prosumer blockchain applications and present the standard development activities by the IEEE Standard Association (SA). The review shows that blockchain in energy is a maturing technology that can be used in many areas in the power and energy industry, facilitating the growth of different modern grid technologies. With the development of standards, guidelines for blockchain applications in energy will be provided so that this technology will be better utilized.