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International Journal of Global Energy Markets and Finance
ISSN (Print): ISSN Pending ISSN (Online): ISSN Pending Website: https://www.sciepub.com/journal/ijgefm Editor-in-chief: Abdelkader Derbali
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International Journal of Global Energy Markets and Finance. 2019, 2(1), 12-15
DOI: 10.12691/ijgefm-2-1-3
Open AccessCommunication

Blockchain, the New Energy Revolution

Abdelkader Derbali1, 2, , Lamia Jamel3, 4, Mohamed Bechir Chenguel2 and Meriem Jouirou2

1Department of Finance, Community College, Taibah University, Medinah, Saudi Arabia

2Department Finance, Higher Institute of Informatics and Management of Kairouan, Kairouan University, Kairouan, Tunisia

3Department of Economic, College of Business Administration, Taibah University, Medinah, Saudi Arabia

4Department of Economic, Faculty of Economic Sciences and Management of Sousse, Sousse University, Sousse, Tunisia

Pub. Date: October 06, 2019
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Cite this paper:
Abdelkader Derbali, Lamia Jamel, Mohamed Bechir Chenguel and Meriem Jouirou. Blockchain, the New Energy Revolution. International Journal of Global Energy Markets and Finance. 2019; 2(1):12-15. doi: 10.12691/ijgefm-2-1-3

Abstract

Blockchain technology is nothing more than a new way of managing data, essentially a decentralized database. There are a lot of blockchains today, Bitcoin being the first. While Bitcoin's only blockchain application is cryptocurrency, recent developments allow the blockchain to be applied in many areas, including energy. In this paper, we asked about the key points of this revolutionary technology, what it means for the energy sector and how it can accelerate the transition to the energy market. We find that through the application of blockchain technology is the opportunity to streamline internal processes and processes shared with external market participants. Also, this fundamentally changes the landscape of energy and commodity trading.

Keywords:
blockchain cryptocurrency bitcoin energy commodities

Creative CommonsThis work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

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