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Regulatory Aspects of Artificial Intelligence on Blockchain

2021-09-24 Computers
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Release : 2021-09-24
Genre : Computers
Kind : eBook
Book Rating : 291/5 ( reviews)

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Book Synopsis Regulatory Aspects of Artificial Intelligence on Blockchain by : Tehrani, Pardis Moslemzadeh

Download or read book Regulatory Aspects of Artificial Intelligence on Blockchain written by Tehrani, Pardis Moslemzadeh. This book was released on 2021-09-24. Available in PDF, EPUB and Kindle. Book excerpt: The convergence of Artificial Intelligence (AI) in blockchain creates one of the world’s most reliable technology-enabled decision-making systems that is virtually tamper-proof and provides solid insights and decisions. The integration of AI and Blockchain affects many aspects from food supply chain logistics and healthcare record sharing to media royalties and financial security. It is imperative that regulatory standards are emphasized in order to support positive outcomes from the integration of AI in blockchain technology. Regulatory Aspects of Artificial Intelligence on Blockchain provides relevant legal and security frameworks and the latest empirical research findings in blockchain and AI. Through the latest research and standards, the book identifies and offers solutions for overcoming legal consequences that pertain to the application of AI into the blockchain system, especially concerning the usage of smart contracts. The chapters, while investigating the legal and security issues associated with these applications, also include topics such as smart contacts, network vulnerability, cryptocurrency, machine learning, and more. This book is essential for technologists, security analysts, legal specialists, privacy and data security practitioners, IT consultants, standardization professionals, researchers, academicians, and students interested in blockchain and AI from a legal and security viewpoint.

Blockchain-Technology in the Energy Industry

2020-02-13
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Release : 2020-02-13
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Kind : eBook
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Book Synopsis Blockchain-Technology in the Energy Industry by : Bartek Mika

Download or read book Blockchain-Technology in the Energy Industry written by Bartek Mika. This book was released on 2020-02-13. Available in PDF, EPUB and Kindle. Book excerpt: The expansion of renewable energy is rapidly increasing as part of the energy revolution. The structure of energy supply systems is becoming increasingly decentralized (decentralization). New players, such as prosumers, who generate and consume their own electricity, could establish themselves in the electricity market. However, due to their low capacity, prosumers are currently unable to participate economically in electricity trading. In particular, the increasing complexity of control and the load on the network infrastructure as well as the high requirements on data security, which are associated with the exchange of electricity and the associated electricity bills, require digitalization of the energy revolution (Energiewende 2.0). The aim of this book is to examine if the "blockchain as a driver of the energy revolution" for the development of new digital business models can contribute to the successful transformation of the energy system. Numerous statements from energy industry experts, study results and two surveys indicate that blockchain has high potential in the medium and long term to significantly impact the energy industry in the coming years. Blockchain technology promises economic value through its strengths such as disintermediation, security, transparency and automation. However, in addition to technical challenges such as the upcoming smart meter rollout, the smart meter gateway required for communication, and the compatibility between the smart metering systems and the blockchain, there are also legal and regulatory hurdles which make the use of the blockchain difficult in the short-term. By far the most widely discussed usage of blockchain in the energy sector is the peer-to-peer trading of decentralized electricity from renewable energies. Therefore, it was examined within the framework of a concept, whether there is a possibility for prosumers to participate economically in electricity trading, despite their low capacity. The results show that due to regulatory constraints such an implementation is only possible in form of a service model in which all areas of responsibility are transferred to a service provider (eg electricity supplier). An independently developed business model, which includes peer-to-peer trading based on a service, shows the required infrastructure, a detailed process description in the context of a business process map and one option to configure the blockchain.

Blockchain-Based Systems for the Modern Energy Grid

2022-09-13 Science
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Release : 2022-09-13
Genre : Science
Kind : eBook
Book Rating : 514/5 ( reviews)

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Book Synopsis Blockchain-Based Systems for the Modern Energy Grid by : Sanjeevikumar Padmanaban

Download or read book Blockchain-Based Systems for the Modern Energy Grid written by Sanjeevikumar Padmanaban. This book was released on 2022-09-13. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain-Based Systems for a Paradigm Shift in the Energy Grid explores the technologies and tools to utilize blockchain for energy grids and assists professionals and researchers to find alternative solutions for the future of the energy sector. The focus of this globally edited book is on the application of blockchain technology and the balance between supply and demand for energy and where it is achievable. Looking at the integration of blockchain and how it will make the network resistant to any failure in sub-components, this book has very clearly explores the areas of energy sector that need in-depth study of Blockchain for expanding energy markets. Meeting the demands of energy by local trading, verifying use of green energy certificates and providing a greater understanding of smart energy grids and Blockchain use cases. Exhaustively exploring the use of Blockchain for energy, this reference useful for all those in the energy industry looking to avoid disruption in the grid and sustain and control successful flow of electricity. - Methods and techniques of Blockchain-based trading and payments are included - Provides process diagrams in techniques and balancing demand and supply - Internet of Energy and its architecture for the future energy sector is explained

Impact of Blockchain Technology on the Energy Industry in Germany

2023-07-28 Business & Economics
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Release : 2023-07-28
Genre : Business & Economics
Kind : eBook
Book Rating : 070/5 ( reviews)

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Book Synopsis Impact of Blockchain Technology on the Energy Industry in Germany by :

Download or read book Impact of Blockchain Technology on the Energy Industry in Germany written by . This book was released on 2023-07-28. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2022 in the subject Economics - Industrial Economics, grade: 1,0, Fresenius University of Applied Sciences Hamburg, language: English, abstract: What impact will blockchain technology have on the energy industry in Germany? For some years now, blockchain technology has been increasingly in the focus of the media, companies and even countries. The potential of this new technology is still largely unknown. Nevertheless, possible applications for society and industry can already be found today. Cryptocurrencies can be traded anonymously worldwide, independent of states, banks or other institutions. That is why they are increasingly in the focus of politics and under strong criticism. However, blockchains can not only be used to exchange digital currencies, but also to design new digital use cases that could play an important role, especially in the age of digitalization. These potentially faster, autonomous and decentralized applications are secured by cryptographic keys. Companies, as well as the general public, can benefit from the properties of the blockchain. The data on the blockchain is immutable and open to inspection. Therefore, they provide a high level of security and trust in the digital world that did not exist before. The new technology is influencing many areas of the economy, including the energy industry in Germany. Germany and many European countries are currently in the midst of the energy transition. Renewable energy sources are an important part of this. Nuclear and coal-fired power plants are being dismantled and wind and solar farms are being built. In addition, more and more private households are producing their own energy. This is changing the energy supply from a centralized to a decentralized grid.

Blockchain-Based Smart Grids

2020-05-14 Science
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Release : 2020-05-14
Genre : Science
Kind : eBook
Book Rating : 620/5 ( reviews)

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Book Synopsis Blockchain-Based Smart Grids by : Miadreza Shafie-khah

Download or read book Blockchain-Based Smart Grids written by Miadreza Shafie-khah. This book was released on 2020-05-14. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain-Based Smart Grids presents emerging applications of blockchain in electrical system and looks to future developments in the use of blockchain technology in the energy market. Rapid growth of renewable energy resources in power systems and significant developments in the telecommunication systems has resulted in new market designs being employed to cover unpredictable and distributed generation of electricity. This book considers the marriage of blockchain and grid modernization, and discusses the transaction shifts in smart grids, from centralized to peer-to-peer structures. In addition, it addresses the effective application of these structures to speed up processes, resulting in more flexible electricity systems. Aimed at moving towards blockchain-based smart grids with renewable applications, this book is useful to researchers and practitioners in all sectors of smart grids, including renewable energy providers, manufacturers and professionals involved in electricity generation from renewable sources, grid modernization and smart grid applications. Considers the current challenges facing smart grids and presents solutions on how blockchain technology could counter these issues Incorporates detailed applications of blockchain in smart grids based on dynamic research and developments Includes models, algorithms, and frameworks to practically demonstrate the uses of blockchain technology Written by a global group of authors for worldwide coverage

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