Blockchain-based Peer-to-Peer Energy Trade: A Critical Review of Disruptive Potential

Motivated by numerous drivers, blockchain-based peer-to-peer energy trade whitepapers surged in the past two years. Assuming disruption through blockchain technology, they envisioned a transformation of energy systems through technosocio-economic solutions. Few impartial and sober assessments of blockchain-based energy projects exist, and many publications praise disruptive potential without further examination. A more distant and critical perspective, however, is imperative for a responsible use of a novel, in particular disruptive, technology. This review aims at surveying the energy system envisioned by the projects through discussing the projects by their characteristics, their perspective on the transactive energy lifecycle and the energy ecosystem envisioned in the white papers. This review is descriptive and comparative in nature, and attempts to synthesize topics raised in the white papers through methods of grounded theory, as well as assessing the disruptive potential of blockchain technology in energy systems. Through this and a critical and neutral perspective, it strives to (soberly) contribute to a discussion on the digitization of elements of the energy system, and how blockchain-based use cases can contribute constructively to the problems at hand.