The Relationship between Renewable Energy and Blockchain as a Sustainable Technology Tool
The European Union is accelerating its transition to energy independence by 2030 in response to new geopolitical realities. This study aims to demonstrate the advantages of blockchain technology for the energy sector and how renewable sources themselves may lower costs and generate significant am...
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| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura ASE
2023-08-01
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| Series: | Amfiteatru Economic |
| Subjects: | |
| Online Access: | https://www.amfiteatrueconomic.ro/temp/Article_3242.pdf |
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| author | Cristian Bogdan Onete Sonia Budz Ioana Bucur-Teodorescu Sandra Diana Chița Ștefan Sava Constantin Bucur |
| author_facet | Cristian Bogdan Onete Sonia Budz Ioana Bucur-Teodorescu Sandra Diana Chița Ștefan Sava Constantin Bucur |
| author_sort | Cristian Bogdan Onete |
| collection | DOAJ |
| description | The European Union is accelerating its transition to energy independence by 2030 in response
to new geopolitical realities. This study aims to demonstrate the advantages of blockchain
technology for the energy sector and how renewable sources themselves may lower costs and
generate significant amounts of electricity. These networks encourage the use of renewable
energy sources in place of conventional ones and enable sustainable consumption reduction
at the same time.
The paper demonstrates how blockchain may connect to renewable energy sources, most
often solar and wind, to grow this industry in a sustainable way. New technologies like
blockchain have sparked the emergence of contemporary forms of trade and consumption.
The collaborative and circular economies represent a nexus of economic, technological, and
socio-cultural phenomena brought about by technological advancements and economic
disruption. Blockchain technology offers a wide range of non-financial applications, and its
use is acknowledged as a brand-new opportunity for sustainability and energy.
The goal of this study is to clarify the relationship between the two and determine whether
blockchain technology can be sustainable for the development of the energy market. The
paper is addressed to all parties involved in the energy, blockchain, and sustainability
industries.
|
| format | Article |
| id | doaj-art-7446558ee507463ea0ddc468817889b6 |
| institution | DOAJ |
| issn | 1582-9146 2247-9104 |
| language | English |
| publishDate | 2023-08-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Amfiteatru Economic |
| spelling | doaj-art-7446558ee507463ea0ddc468817889b62025-08-20T03:19:16ZengEditura ASEAmfiteatru Economic1582-91462247-91042023-08-01256491993210.24818/EA/2023/64/919The Relationship between Renewable Energy and Blockchain as a Sustainable Technology ToolCristian Bogdan Onete0https://orcid.org/0000-0002-7271-7663Sonia Budz1https://orcid.org/0009-0008-7373-2612 Ioana Bucur-Teodorescu2https://orcid.org/0009-0009-9839-9382Sandra Diana Chița3https://orcid.org/0000-0002-0291-7264 Ștefan Sava 4https://orcid.org/0000-0002-4083-7329 Constantin Bucur5https://orcid.org/0009-0006-4528-8062Bucharest University of Economic Studies, Bucharest, RomaniaBucharest University of Economic Studies, Bucharest, RomaniaBucharest University of Economic Studies, Bucharest, RomaniaBucharest University of Economic Studies, Bucharest, RomaniaBucharest University of Economic Studies, Bucharest, RomaniaTitu Maiorescu University, Bucharest, RomaniaThe European Union is accelerating its transition to energy independence by 2030 in response to new geopolitical realities. This study aims to demonstrate the advantages of blockchain technology for the energy sector and how renewable sources themselves may lower costs and generate significant amounts of electricity. These networks encourage the use of renewable energy sources in place of conventional ones and enable sustainable consumption reduction at the same time. The paper demonstrates how blockchain may connect to renewable energy sources, most often solar and wind, to grow this industry in a sustainable way. New technologies like blockchain have sparked the emergence of contemporary forms of trade and consumption. The collaborative and circular economies represent a nexus of economic, technological, and socio-cultural phenomena brought about by technological advancements and economic disruption. Blockchain technology offers a wide range of non-financial applications, and its use is acknowledged as a brand-new opportunity for sustainability and energy. The goal of this study is to clarify the relationship between the two and determine whether blockchain technology can be sustainable for the development of the energy market. The paper is addressed to all parties involved in the energy, blockchain, and sustainability industries. https://www.amfiteatrueconomic.ro/temp/Article_3242.pdfrenewable energyblockchainsustainability |
| spellingShingle | Cristian Bogdan Onete Sonia Budz Ioana Bucur-Teodorescu Sandra Diana Chița Ștefan Sava Constantin Bucur The Relationship between Renewable Energy and Blockchain as a Sustainable Technology Tool Amfiteatru Economic renewable energy blockchain sustainability |
| title | The Relationship between Renewable Energy and Blockchain as a Sustainable Technology Tool |
| title_full | The Relationship between Renewable Energy and Blockchain as a Sustainable Technology Tool |
| title_fullStr | The Relationship between Renewable Energy and Blockchain as a Sustainable Technology Tool |
| title_full_unstemmed | The Relationship between Renewable Energy and Blockchain as a Sustainable Technology Tool |
| title_short | The Relationship between Renewable Energy and Blockchain as a Sustainable Technology Tool |
| title_sort | relationship between renewable energy and blockchain as a sustainable technology tool |
| topic | renewable energy blockchain sustainability |
| url | https://www.amfiteatrueconomic.ro/temp/Article_3242.pdf |
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