Blockchain based P2P Financing Mechanism
Emerging markets need an enabling environment that allows grids to increase their uptake and improve their management of off-grid technology.
Blockchain can provide an environment for efficient peer-to-peer energy trading using smart contracts and IoT, which can lower the operational costs typically associated with off-grid solutions and can enable the expansion and maturation of off-grid solutions to increase access to electricity.
The presented work offers a use case study that compares blockchain P2P energy trading to conventional financing mechanisms such as Net Metering and Feed-in-Tariff.
Alain Aoun received an MSc (2006) in Industrial and Power Engineering from the Lebanese University and ME in Electrical Engineering (2007) and Renewable Energies (2018) from the Saint Joseph University in Beirut– Lebanon. He is presently the Managing Director of Alain Aoun & Partners, an engineering firm specialized in the electrical, energy and lighting fields and Co-Founder of Blockchain Leaders a start-up in the field of blockchain consultancy and research. Alain Aoun joined the Association of Energy Engineers AEE in 2016 and at present, he serves as the Assistant Director for Student Affairs. Awarded the MENA region Energy Engineer of the year 2018, he is an accredited trainer for the CEM, CBCP, CLEP and CEA courses and certified professional from the AEE (CEM®, BEP®, CBCP®, CEA®, REP®, CMVP®, CLEP®). With a track record of 15 years of experience, Alain Aoun is an engineering consultant, trainer, entrepreneur and expert in the fields of blockchain, energy and electrical engineering. He is currently pursuing a PhD in engineering