The Application and Development of Blockchain Technology in the Field of Renewable Energy

With the rapid growth in the scale of renewable energy in China, the number of trading entities is increasing and trading activities are becoming more and more frequent. There has been a phenomenon of unidentified green power sources and irregular transactions. Therefore, it is necessary to improve and standardize the rules and standards system of the renewable energy market. Blockchain technology shows great potential to break through technical bottlenecks, eliminate energy islands, and promote the gridding of energy markets by virtue of its traceability, immutability of information, and decentralization. This paper analyzes in detail the examples of blockchain technology applied to renewable energy transactions at home and abroad, and closely combines of China policy orientation and national conditions to comprehensively examine and reveal various problems currently facing of China renewable energy blockchain field. On the basis of these analyses, specific and feasible suggestions are put forward to provide useful ideas and references for the healthy and sustainable development of renewable energy blockchain in China.