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Blockchain-powered grids: Paving the way for a sustainable and efficient future

Blockchain technology can potentially be a bedrock for the energy record-keeping system. This study examined several critical factors that affect users’ intention to accept Blockchain technology for the Smart grid. The proposed model is based on the Technology Organization Environment framework, whi...

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Main Authors:	Ullah, Nazir, Al-Rahmi, Waleed Mugahed, Alblehai, Fahad, Fernando, Yudi, Alharbi, Zahyah H., Zhanbayev, Rinat, Al-Adwan, Ahmad Samed, Habes, Mohammed
Format:	Article
Language:	English
Published:	Elsevier Ltd 2024
Subjects:	HD28 Management. Industrial Management HF Commerce
Online Access:	http://umpir.ump.edu.my/id/eprint/41860/1/Blockchain-powered%20grids.pdf http://umpir.ump.edu.my/id/eprint/41860/ https://doi.org/10.1016/j.heliyon.2024.e31592
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id	my.ump.umpir.41860
record_format	eprints
spelling	my.ump.umpir.418602024-12-23T03:26:51Z http://umpir.ump.edu.my/id/eprint/41860/ Blockchain-powered grids: Paving the way for a sustainable and efficient future Ullah, Nazir Al-Rahmi, Waleed Mugahed Alblehai, Fahad Fernando, Yudi Alharbi, Zahyah H. Zhanbayev, Rinat Al-Adwan, Ahmad Samed Habes, Mohammed HD28 Management. Industrial Management HF Commerce Blockchain technology can potentially be a bedrock for the energy record-keeping system. This study examined several critical factors that affect users’ intention to accept Blockchain technology for the Smart grid. The proposed model is based on the Technology Organization Environment framework, which is examined using Structural Equation Modelling. Based on the study findings, it has been indicated that the relative advantage shows a significant effect and matters the most during the Blockchain technology adoption in the Smart grid. The innovativeness, cost saving, and regulatory support also significantly influence the intention to use the Blockchain technology. The innovativeness and traceability show a significant influence on upper management support. The traceability shows a substantial impact on cost savings. However, innovativeness shows an insignificant effect on cost savings. The traceability and competitive pressure do not affect the intention to use the Blockchain technology. This study has extended the Technology Organization Environment theory, which predicts the organizational behavior to adopt the Blockchain technology for the Smart grid. We argue that the finding provides insights to guide the industry to deliver the best practice on the Blockchain technology. The study findings suggest that experts would recognize innovative technology free of effort to raise the determined aids for improving the traditional energy system. Though there are some limits, theoretical and practical implications are justified based on the findings. Elsevier Ltd 2024-05-30 Article PeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/41860/1/Blockchain-powered%20grids.pdf Ullah, Nazir and Al-Rahmi, Waleed Mugahed and Alblehai, Fahad and Fernando, Yudi and Alharbi, Zahyah H. and Zhanbayev, Rinat and Al-Adwan, Ahmad Samed and Habes, Mohammed (2024) Blockchain-powered grids: Paving the way for a sustainable and efficient future. Heliyon, 10 (10). pp. 1-19. ISSN 2405-8440. (Published) https://doi.org/10.1016/j.heliyon.2024.e31592 10.1016/j.heliyon.2024.e31592
institution	Universiti Malaysia Pahang Al-Sultan Abdullah
building	UMPSA Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Malaysia Pahang Al-Sultan Abdullah
content_source	UMPSA Institutional Repository
url_provider	http://umpir.ump.edu.my/
language	English
topic	HD28 Management. Industrial Management HF Commerce
spellingShingle	HD28 Management. Industrial Management HF Commerce Ullah, Nazir Al-Rahmi, Waleed Mugahed Alblehai, Fahad Fernando, Yudi Alharbi, Zahyah H. Zhanbayev, Rinat Al-Adwan, Ahmad Samed Habes, Mohammed Blockchain-powered grids: Paving the way for a sustainable and efficient future
description	Blockchain technology can potentially be a bedrock for the energy record-keeping system. This study examined several critical factors that affect users’ intention to accept Blockchain technology for the Smart grid. The proposed model is based on the Technology Organization Environment framework, which is examined using Structural Equation Modelling. Based on the study findings, it has been indicated that the relative advantage shows a significant effect and matters the most during the Blockchain technology adoption in the Smart grid. The innovativeness, cost saving, and regulatory support also significantly influence the intention to use the Blockchain technology. The innovativeness and traceability show a significant influence on upper management support. The traceability shows a substantial impact on cost savings. However, innovativeness shows an insignificant effect on cost savings. The traceability and competitive pressure do not affect the intention to use the Blockchain technology. This study has extended the Technology Organization Environment theory, which predicts the organizational behavior to adopt the Blockchain technology for the Smart grid. We argue that the finding provides insights to guide the industry to deliver the best practice on the Blockchain technology. The study findings suggest that experts would recognize innovative technology free of effort to raise the determined aids for improving the traditional energy system. Though there are some limits, theoretical and practical implications are justified based on the findings.
format	Article
author	Ullah, Nazir Al-Rahmi, Waleed Mugahed Alblehai, Fahad Fernando, Yudi Alharbi, Zahyah H. Zhanbayev, Rinat Al-Adwan, Ahmad Samed Habes, Mohammed
author_facet	Ullah, Nazir Al-Rahmi, Waleed Mugahed Alblehai, Fahad Fernando, Yudi Alharbi, Zahyah H. Zhanbayev, Rinat Al-Adwan, Ahmad Samed Habes, Mohammed
author_sort	Ullah, Nazir
title	Blockchain-powered grids: Paving the way for a sustainable and efficient future
title_short	Blockchain-powered grids: Paving the way for a sustainable and efficient future
title_full	Blockchain-powered grids: Paving the way for a sustainable and efficient future
title_fullStr	Blockchain-powered grids: Paving the way for a sustainable and efficient future
title_full_unstemmed	Blockchain-powered grids: Paving the way for a sustainable and efficient future
title_sort	blockchain-powered grids: paving the way for a sustainable and efficient future
publisher	Elsevier Ltd
publishDate	2024
url	http://umpir.ump.edu.my/id/eprint/41860/1/Blockchain-powered%20grids.pdf http://umpir.ump.edu.my/id/eprint/41860/ https://doi.org/10.1016/j.heliyon.2024.e31592
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score	13.232414

Blockchain-powered grids: Paving the way for a sustainable and efficient future

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