Blockchain in the Swedish Energy market

• Main Author: Micic, Uros
• Format: Others
• Language: English
• Published: Uppsala universitet, Institutionen för geovetenskaper 2021
• Subjects: Blockchain; Technology; Swedish; Energy; Market; Other Earth and Related Environmental Sciences; Annan geovetenskap och miljövetenskap
• Online Access: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-452784

This research paper represents an investigation of blockchain applicability in the Swedish energy market. The paper also attempts to explore the numerous claims and benefits surrounding this technology. Overall, the blockchain platform presents an innovative opportunity for energy to be bought and sold on the market in a new way that is providing consumers with greater efficiency and control over their energy sources. The platform is also set to integrate different types of data such as energy prices, usage, marginal costs, legal compliances etc., with the purpose of providing a better service than the platforms that exist today. To investigate these claims, firstly, the blockchain technology, its purpose, and function is explained. Secondly, the paper explores relationship and application in the energy market. Existing literature has been examined in order to provide a foundation when it comes to technological application. Lastly, the Swedish energy market has been considered and if the technology would make a difference. The interviews with experts have been conducted to get an inside look into the actual reality of this technology. Overall, the experts did not have a strong word to give about the possible application of the technology in the Swedish energy market. The technology does have potential but it is simply in too early stages of development and the obstacles are more significant than the previously promised benefits.