Blockchain Based Hydrogen Market: A Paradigm-Shifting Innovative Solution for Climate-Friendly and Sustainable Structural Change

<!DOCTYPE html> <html lang="en" dir="ltr"> <head>  <script async src="https://www.googletagmanager.com/gtag/js?id=G-P63WKM1TM1"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-P63WKM1TM1'); </script>  <script type="text/javascript" > (function(m,e,t,r,i,k,a){m[i]=m[i]||function(){(m[i].a=m[i].a||[]).push(arguments)}; m[i].l=1*new Date(); for (var j = 0; j < document.scripts.length; j++) {if (document.scripts[j].src === r) { return; }} k=e.createElement(t),a=e.getElementsByTagName(t)[0],k.async=1,k.src=r,a.parentNode.insertBefore(k,a)}) (window, document, "script", "https://mc.yandex.ru/metrika/tag.js", "ym"); ym(55165297, "init", { clickmap:false, trackLinks:true, accurateTrackBounce:true, webvisor:false }); </script> <noscript><div><img src="https://mc.yandex.ru/watch/55165297" style="position:absolute; left:-9999px;" alt="" /></div></noscript>    <title>Blockchain Based Hydrogen Market: A Paradigm-Shifting Innovative Solution for Climate-Friendly and Sustainable Structural Change</title> <meta name="description" content="Blockchain Based Hydrogen Market: A Paradigm-Shifting Innovative Solution for Climate-Friendly and Sustainable Structural Change"> <meta name="keywords" content="Hydrogen, blockchain, sustainability, structural change."> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <meta name="citation_title" content="Blockchain Based Hydrogen Market: A Paradigm-Shifting Innovative Solution for Climate-Friendly and Sustainable Structural Change"> <meta name="citation_author" content="Volker Wannack"> <meta name="citation_publication_date" content="2023/12/11"> <meta name="citation_journal_title" content="International Journal of Energy and Environmental Engineering"> <meta name="citation_volume" content="17"> <meta name="citation_issue" content="12"> <meta 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href="https://publications.waset.org/search?q=Volker%20Wannack">Volker Wannack</a> </p> <p class="card-text"><strong>Abstract:</strong></p> <p>Regional and global strategies focusing on hydrogen (H2) and blockchain technologies are fueling remarkable advancements. These strategies underpin the revolutionary 'Blockchain Based Hydrogen Market (BBH2)' project, with the primary objective of creating a Blockchain Minimum Viable Product (B-MVP) tailored to the hydrogen market. The B-MVP harnesses blockchain's capabilities, establishing a unified platform for secure, automated transactions via smart contracts. This innovation promises to reshape hydrogen logistics, trade, and transactions. The B-MVP carries transformative potential across diverse sectors, benefiting renewable energy producers, surplus energy-based hydrogen manufacturers, grid operators, and consumers. By implementing standardized, automated, tamper-proof processes, it bolsters cost-efficiency and enables transparent, traceable transactions. Its core mission is to verify the integrity of 'green' hydrogen, tracing its journey from renewable producers to end-users. This emphasis on transparency fosters economic, ecological, and social sustainability within a secure, transparent market. A standout feature of the B-MVP is its cross-border adaptability, obviating the need for nation-specific data storage, and broadening its global reach. This adaptability also spurs long-term job creation by establishing a dedicated blockchain operating firm. By attracting skilled labor and offering training, the B-MVP fortifies the hydrogen sector's workforce. Furthermore, it catalyzes innovative business models, luring more companies and startups, contributing to sustained job growth. For example, data analysis can tailor tariffs to offer demand-centric network capacities to producers and operators, providing tamper-proof pricing options to redistributors and end-customers. Beyond technological and economic progress, the B-MVP amplifies the prominence of national and international standards efforts. The region implementing the B-MVP becomes recognized as a pioneer in climate-friendly, sustainable, and forward-thinking practices, generating interest and attention beyond its geographic boundaries. Additionally, it fosters knowledge transfer between academia and industry, promoting scientific advancements, aligning with innovation management, and nurturing an innovation culture in the hydrogen sector. Through blockchain-hydrogen integration, the B-MVP champions comprehensive innovation, contributing to a sustainable future in the hydrogen industry. Implementation involves evaluating blockchain tech, developing smart contracts, and ensuring interoperability with existing systems. Scalability testing and data format development further validate the B-MVP's potential. BBH2 secures funding under the 'Technology Offensive Hydrogen,' a part of the Federal Ministry of Economics and Climate Protection's 7th Energy Research Program.</p> <iframe src="https://publications.waset.org/10013399.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/search?q=Hydrogen" title="Hydrogen">Hydrogen</a>, <a href="https://publications.waset.org/search?q=blockchain" title=" blockchain"> blockchain</a>, <a href="https://publications.waset.org/search?q=sustainability" title=" sustainability"> sustainability</a>, <a href="https://publications.waset.org/search?q=structural%20change." title=" structural change."> structural change.</a> </p> <a href="https://publications.waset.org/10013399/blockchain-based-hydrogen-market-a-paradigm-shifting-innovative-solution-for-climate-friendly-and-sustainable-structural-change" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/10013399/apa" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">APA</a> <a href="https://publications.waset.org/10013399/bibtex" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">BibTeX</a> <a href="https://publications.waset.org/10013399/chicago" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Chicago</a> <a href="https://publications.waset.org/10013399/endnote" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">EndNote</a> <a href="https://publications.waset.org/10013399/harvard" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Harvard</a> <a href="https://publications.waset.org/10013399/json" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">JSON</a> <a href="https://publications.waset.org/10013399/mla" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">MLA</a> <a href="https://publications.waset.org/10013399/ris" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">RIS</a> <a href="https://publications.waset.org/10013399/xml" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">XML</a> <a href="https://publications.waset.org/10013399/iso690" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">ISO 690</a> <a href="https://publications.waset.org/10013399.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">159</span> </span> <p class="card-text"><strong>References:</strong></p> <br>[1] BCCM (2022): Forschung & Entwicklung, at: https://blockchain.hs-mittweida.de/forschung-entwicklung/ (retrieved 10.05.2023) <br>[2] Biber Energie (2022): BiberEnergie - Strom für Dich und mich – regional und bürgernah, at: https://www.biberenergie.de/ (retrieved 10.05.2023) <br>[3] BMWi (2019): Blockchain-Strategie der Bundesregierung, at: https://www.bmwi.de/Redaktion/DE/Publikationen/Digitale-Welt/blockchain-strategie.pdf?__blob=publicationFile&v=8 (retrieved 10.05.2023) <br>[4] BMWi (2020): Die nationale Wasserstoffstrategie, at: https://www.bmwi.de/Redaktion/DE/Publikationen/Energie/die-nationale-wasserstoffstrategie.pdf?__blob=publicationFile&v=16 (retrieved 10.05.2023) <br>[5] BSRM (2022): Aktuelle WIR!-Projekte, at: https://blockchain-mittweida.com/projekte/ (retrieved 10.05.2023) <br>[6] dena (2019): dena-MULTI-STAKEHOLDER-STUDIE: Blockchain in der integrierten Energiewende, at: https://www.dena.de/fileadmin/user_upload/dena-Studie_Blockchain_Integrierte_Energiewende_DE4.pdf (retrieved 10.05.2023) <br>[7] dena (2022): Biogasregister, at: https://www.biogasregister.de/startseite/ (retrieved 10.05.2023) <br>[8] EC (2021): Europaen Blockchain Strategy, at: https://digital-strategy.ec.europa.eu/en/library/european-blockchain-strategy-brochure (retrieved 10.05.2023) <br>[9] enviaM (2019): https://www.enviam-gruppe.de/docs/default-source/07_pressemitteilungen_downloads/pressemitteilungen_pdfs/archiv_2019/pm_enviam_kooperation-axpo-elblox_190204.pdf?sfvrsn=fa608fb6_0 (retrieved 10.05.2023) <br>[10] HSMW (2022): Verteilte Informationssysteme, at: https://www.cb.hs-mittweida.de/webs/verteilte-informationssysteme.html (retrieved 10.05.2023) <br>[11] ID-Ideal (2022): ID-Ideal-sicheres Management Digitaler Identitäten, at: https://id-ideal.hs-mitt-weida.de/ (retrieved 10.05.2023) <br>[12] Joos (2019): 5 Vorteile und 5 Nachteile der Blockchain-Technologie, at: https://www.blockchain-insider.de/5-vorteile-und-5-nachteile-der-blockchain-technologie-a-881712/ (retrieved 10.05.2023) <br>[13] SMWA (2019): Sachsen Digital - Digitalisierungsstrategie des Freistaates Sachsen, at: https://publikationen.sachsen.de/bdb/artikel/33501 (retrieved 10.05.2023) <br>[14] SMWA (2020): Innovationsstrategie des Freistaates Sachsen, at: https://publikationen.sachsen.de/bdb/artikel/35302 (retrieved 10.05.2023) <br>[15] Talin (2021): 28 Blockchain Use Cases – Mögliche Anwendungen der Distributed Ledger Technology (DLT), at: https://morethandigital.info/blockchain-moeglichkeiten-und-anwendungen-der-technologie/ (retrieved 10.05.2023) <br>[16] UBA (2022): Herkunftsnachweisregister (HKNR), at: https://www.umweltbundesamt.de/themen/klima-energie/erneuerbare-energien/herkunftsnachweisregister-hknr (retrieved 10.05.2023) <br>[17] VDI (2018): Blockchain- Eine Technologie mit disruptivem_Charakter, at:https://gi.de/fileadmin/GI/Hauptseite/Aktuelles/Meldungen/2018/Blockchain_-_Eine_Technologie_mit_disruptivem_Charakter.pdf (retrieved 10.05.2023) <br>[18] WSW (2022): WSW TAL.MARKT - Die Energierevolution, at: https://www.wsw.info/ausgabe-172/energie/wsw-talmarkt/ (retrieved 10.05.2023) </div> </div> </div> </main> <footer> <div id="infolinks" class="pt-3 pb-2"> <div class="container"> <div style="background-color:#f5f5f5;" class="p-3"> <div class="row"> <div class="col-md-2"> <ul class="list-unstyled"> About <li><a href="https://waset.org/page/support">About Us</a></li> <li><a href="https://waset.org/page/support#legal-information">Legal</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/WASET-16th-foundational-anniversary.pdf">WASET celebrates its 16th foundational anniversary</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Account <li><a href="https://waset.org/profile">My Account</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Explore <li><a href="https://waset.org/disciplines">Disciplines</a></li> <li><a href="https://waset.org/conferences">Conferences</a></li> <li><a href="https://waset.org/conference-programs">Conference Program</a></li> <li><a href="https://waset.org/committees">Committees</a></li> <li><a href="https://publications.waset.org">Publications</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Research <li><a href="https://publications.waset.org/abstracts">Abstracts</a></li> <li><a href="https://publications.waset.org">Periodicals</a></li> <li><a href="https://publications.waset.org/archive">Archive</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Open Science <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Open-Science-Philosophy.pdf">Open Science Philosophy</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Open-Science-Award.pdf">Open Science Award</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Open-Society-Open-Science-and-Open-Innovation.pdf">Open Innovation</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Postdoctoral-Fellowship-Award.pdf">Postdoctoral Fellowship Award</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Scholarly-Research-Review.pdf">Scholarly Research Review</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Support <li><a href="https://waset.org/page/support">Support</a></li> <li><a href="https://waset.org/profile/messages/create">Contact Us</a></li> <li><a href="https://waset.org/profile/messages/create">Report Abuse</a></li> </ul> </div> </div> </div> </div> </div> <div class="container text-center"> <hr style="margin-top:0;margin-bottom:.3rem;"> <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank" class="text-muted small">Creative Commons Attribution 4.0 International License</a> <div id="copy" class="mt-2">© 2024 World Academy of Science, Engineering and Technology</div> </div> </footer> <a href="javascript:" id="return-to-top"><i class="fas fa-arrow-up"></i></a> <div class="modal" id="modal-template"> <div class="modal-dialog"> <div class="modal-content"> <div class="row m-0 mt-1"> <div class="col-md-12"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> </div> </div> <div class="modal-body"></div> </div> </div> </div> <script src="https://cdn.waset.org/static/plugins/jquery-3.3.1.min.js"></script> <script src="https://cdn.waset.org/static/plugins/bootstrap-4.2.1/js/bootstrap.bundle.min.js"></script> <script src="https://cdn.waset.org/static/js/site.js?v=150220211556"></script> <script> jQuery(document).ready(function() { /*jQuery.get("https://publications.waset.org/xhr/user-menu", function (response) { jQuery('#mainNavMenu').append(response); });*/ jQuery.get({ url: "https://publications.waset.org/xhr/user-menu", cache: false }).then(function(response){ jQuery('#mainNavMenu').append(response); }); }); </script> </body> </html>

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Blockchain Based Hydrogen Market: A Paradigm-Shifting Innovative Solution for Climate-Friendly and Sustainable Structural Change