Increasing number of governments and organisations around the world are planning to pass regulatory legislation on blockchain and have demonstrated pilot projects centred around the application of blockchain technology. Developing countries can also leverage blockchain technology to provide process optimization and integrate hyperconnected services while bolstering trust and accountability. Blockchain’s distributed ledger technology (DLT) can be leveraged to support an array of government and public sector processes, including land registration; identity management; supply chain traceability; health care; corporate registration; taxation; voting (elections and proxy); and management of legal entities. The structure of DLT poses inherent challenges to traditional approaches to regulation and governance. While enterprise or private blockchains have become more common in recent years and still allow for conventional governance and regulation frameworks, the challenges will develop as public, permission-less DLTs become more widely adopted.
Blockchain has attracted the attention of the power industry with its potential to support various use cases including electricity trading, green energy certificates, smart meter operations etc. In order to test the feasibility and stakeholders’ willingness in participation and adoption of new blockchain applications, a regulatory sandbox approach is gaining acceptability around the world.
This workshop is designed to examine the technological, policy and regulatory challenges in adoption of blockchain applications in utilities; and different models of governance and regulation in an increasingly decentralized world.
- To appraise the participants on the potential of Blockchain technology for following applications:
- P2P Trading of Rooftop Solar Energy amongst prosumers and consumers
- Tokenization, trade and management of Green Energy Certificates on Blockchain
- Blockchain enabled charging and sharing of Electric Vehicles
- Leveraging Blockchain for Flexible Marketplace for Future Energy Trading
Session Agenda: 14th June 2021 | 20.00 to 21.30 Manila Time | 17.30 to 19.00 India Time
|Time (Manila)||Session Details|
Welcome and Introduction to the Global Environment for Blockchain Innovation and Adoption in Utilities
Reena Suri, Executive Director, ISGF
Session 1: Regulatory and Policy Environment for Blockchain Innovation and Adoption in Utilities
Moderator: Reena Suri
Session 2: Maturity and Usability of Blockchain based Application for Utilities
Moderator: Suddhasatta Kundu, Senior Manager, ISGF
Closing Remarks and Vote of Thanks
Reji Kumar Pillai
The India Smart Grid Forum (ISGF) is a public private partnership initiative of Govt. of India with the mandate of accelerating smart grid deployments across the country. With 170+ members comprising of ministries, utilities, technology providers, academia and research, ISGF has evolved as a Think-Tank of global repute on Smart Energy and Smart Cities. Mandate of ISGF is to accelerate energy transition through clean energy, electric grid modernization and electric mobility; work with national and international agencies in standards development and help utilities, regulators and the Industry in technology selection, training and capacity building.
The Global Smart Energy Federation (GSEF), formerly known as Global Smart Grid Federation (GSGF), is a global stakeholder organization committed to creating smarter, cleaner electrical systems around the world and is comprised of national smart grid associations, forward-looking utilities, and think tanks from around the globe working in the energy transition and clean transportation. GSEF brings together the intellectual capital of smart energy stakeholders from around the world to help member organizations initiate changes to their countries’ energy systems to enhance security, increase flexibility, reduce emissions, and maintain affordability, reliability, and accessibility to clean energy and promote clean transportation.
Point of Contact
Reena Suri, ISGF