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Blockchain technology outline and its application to field of power and energy system
Author(s) -
Sawa Toshiyuki
Publication year - 2019
Publication title -
electrical engineering in japan
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.136
H-Index - 28
eISSN - 1520-6416
pISSN - 0424-7760
DOI - 10.1002/eej.23167
Subject(s) - blockchain , cryptocurrency , database transaction , field (mathematics) , computer science , electric power system , energy (signal processing) , computer security , power (physics) , database , statistics , physics , mathematics , quantum mechanics , pure mathematics
Blockchains were developed as a technology used for transactions of Bitcoins (cryptocurrency). Blockchains have several features such as decentralized transaction without third parties, tolerance network, prevention of data manipulation, and operational cost reduction. This technology is gaining attention in the world, and by adding extensions, improvements, or new technologies, it is expected to be used not only in cryptocurrency and fintech but also in the power and energy system field. This technical note explains the outline of the blockchain technology and its application to the field of power and energy system.