This dissertation was written as part of the LLM in Transnational and European Commercial Law, Arbitration, Mediation & Energy Law at the International Hellenic University.
This dissertation focuses on blockchain relevance, as it emerges as a drastic solution in a series of problems, a panacea for decentralisation and more democratic approach to transactions. The paper provides an overview of blockchain technology as well as the basic model of blockchain transaction and concepts. Follows a thorough analysis about the possible uses of blockchain technology in energy, particularly in electricity sector. Afterwards the articles lists legal and regulatory implications on the energy field. Finally it takes a closer view on critical evaluation on legal and regulatory level in electricity sector. The analysis does not provide a definite position about the level of blockchain applications in electricity markets and points out criticism and the disadvantages or limitations due to “peculiarities” of the electricity industry. Either way the author is reluctant to take a unambiguous view, besides the extremely optimistic declarations of the tech industry.
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