2Q 2022

Analyst Insight: Energy Blockchain Applications in Smart Cities

Energy Blockchain Vendor and Deployment Insights

Since 2012, Guidehouse Insights has tracked 444 total energy blockchain projects and 304 unique vendors. Of those 444 projects, 9% employ blockchain technology for supply chain management (SCM). For comparison, transactive energy (TE) remains the top use case in the energy blockchain space, with 40% of all projects aimed at using blockchain technology to provide an open energy trading marketplace. Deployment of SCM projects has remained steady since 2018, with an average of 10 projects announced each year.

Guidehouse Insights defines a smart city as “a city characterized by the integration of technology into a strategic approach to improving citizen well-being, environmental sustainability, and economic prosperity.” Smart cities take advantage of innovations in digitization and automation to rise to that challenge and to deliver services to their citizens quickly, efficiently, and securely. Blockchain technology is one such innovation. Blockchain can bring authenticity of information to be verified mathematically providing a trustless database and system. In a smart city, these attributes can produce benefits for everything from document provenance (e.g., public land ownership or private health records) to cybersecurity, transportation, and TE.

Smart cities programs and projects are expanding worldwide, creating sandbox environments that can evaluate and incubate emerging technologies like blockchain. This report combines insights from Guidehouse Insights’ Smart City Tracker and Energy Blockchain Vendor and Deployment Tracker with three case studies that demonstrate blockchain’s potential benefits as one tool available to city managers adapting to the digital transformation.

Pages 13
Tables | Charts | Figures 2
  • What are some flagship projects that use blockchain in the smart city?
  • What countries and regions are key markets for energy blockchain and the smart city?
  • What are the leading use cases for energy blockchain applications in the smart city?
  • How and why can blockchain be a valuable technological tool in the smart city?
  • What is the relationship between smart city and energy blockchain and what can be expected for the market in the future?
  • Cities looking to adopt smart city strategies
  • Large corporations that want to improve sustainability practices
  • Blockchain technology companies, developers, and vendors
  • Utility companies
  • Energy technology companies
  • Distribution system operators
  • Smart grid hardware and software providers
  • Investor community

Introduction

Scope

Executive Summary

Blockchain Provides a Backbone for Smart Processes

Regional Market Overview

Use Case: HotCity Pilot, Austria

Use Case: Canada’s Vehicle to Grid Pilot

Use Case: Planet Watch Rewards

Key Recommendations

Acronyms,Resources & Contacts

  • Cumulative Energy Blockchain Project Announcements by Region, World Markets: 2016-2022
  • Energy Blockchain CIT Project Announcements by Region, World Markets: 2016-2022