Blockchain Depolyment in Energy Supply Chain Management: Implications for Report Integrity

This study aims to investigate literature findings on the current blockchain technology requirement. The obtained findings on blockchain technology requirements and limitations, helps to draw conclusions on the adoption of blockchain technology in energy consumption reporting. The blockchain techno...

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Main Authors: Al-Madani, Mohammed, Fernando, Yudi, Pua, Wee Sin
Format: Article
Language:English
Published: Penerbit Universiti Malaysia Pahang 2022
Subjects:
Online Access:http://umpir.ump.edu.my/id/eprint/33488/1/IMPLICATIONSOF%20%20BLOCKCHAIN%20%20DEPLOYMENT%20%20IN%20%20ENERGY%20%20SUPPLY%20%20CHAIN%20MANAGEMENT.pdf
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author Al-Madani, Mohammed
Fernando, Yudi
Pua, Wee Sin
author_facet Al-Madani, Mohammed
Fernando, Yudi
Pua, Wee Sin
author_sort Al-Madani, Mohammed
collection UMP
description This study aims to investigate literature findings on the current blockchain technology requirement. The obtained findings on blockchain technology requirements and limitations, helps to draw conclusions on the adoption of blockchain technology in energy consumption reporting. The blockchain technology offers transparency of energy consumption reports. Blockchain keeps all the transactional records and guarantees security, and decentralization between the blockchain network. Blockchain technology integration for energy consumption can promote transparency and integrity of energy management reporting. Among reasons for companies’ reluctance to report energy consumption is non-transparency, unnecessary cost for report, and lack of regulation to release an energy consumption report or it is voluntary in best cases. This paper reviewed 121 papers related to the topic and conclusions drawn based on findings of previous literature. Blockchain can help to alleviate the issues of transparency and cost related to energy reporting. Decision and policy makers should offer incentives and include regulations on energy reporting requirements. The reporting should be requested through blockchain network to guarantee transparency and integrity.
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spelling UMPir334882023-05-15T06:08:07Z http://umpir.ump.edu.my/id/eprint/33488/ Blockchain Depolyment in Energy Supply Chain Management: Implications for Report Integrity Al-Madani, Mohammed Fernando, Yudi Pua, Wee Sin HD Industries. Land use. Labor This study aims to investigate literature findings on the current blockchain technology requirement. The obtained findings on blockchain technology requirements and limitations, helps to draw conclusions on the adoption of blockchain technology in energy consumption reporting. The blockchain technology offers transparency of energy consumption reports. Blockchain keeps all the transactional records and guarantees security, and decentralization between the blockchain network. Blockchain technology integration for energy consumption can promote transparency and integrity of energy management reporting. Among reasons for companies’ reluctance to report energy consumption is non-transparency, unnecessary cost for report, and lack of regulation to release an energy consumption report or it is voluntary in best cases. This paper reviewed 121 papers related to the topic and conclusions drawn based on findings of previous literature. Blockchain can help to alleviate the issues of transparency and cost related to energy reporting. Decision and policy makers should offer incentives and include regulations on energy reporting requirements. The reporting should be requested through blockchain network to guarantee transparency and integrity. Penerbit Universiti Malaysia Pahang 2022 Article NonPeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/33488/1/IMPLICATIONSOF%20%20BLOCKCHAIN%20%20DEPLOYMENT%20%20IN%20%20ENERGY%20%20SUPPLY%20%20CHAIN%20MANAGEMENT.pdf Al-Madani, Mohammed and Fernando, Yudi and Pua, Wee Sin (2022) Blockchain Depolyment in Energy Supply Chain Management: Implications for Report Integrity. International Journal of Industrial Management (IJIM), 13 (1). pp. 408-421. ISSN 2289-9286 (Print); 0127-564x (Online). (Submitted) (Submitted) https://doi.org/10.15282/ijim.13.1.2022.7365 https://doi.org/10.15282/ijim.13.1.2022.7365
spellingShingle HD Industries. Land use. Labor
Al-Madani, Mohammed
Fernando, Yudi
Pua, Wee Sin
Blockchain Depolyment in Energy Supply Chain Management: Implications for Report Integrity
title Blockchain Depolyment in Energy Supply Chain Management: Implications for Report Integrity
title_full Blockchain Depolyment in Energy Supply Chain Management: Implications for Report Integrity
title_fullStr Blockchain Depolyment in Energy Supply Chain Management: Implications for Report Integrity
title_full_unstemmed Blockchain Depolyment in Energy Supply Chain Management: Implications for Report Integrity
title_short Blockchain Depolyment in Energy Supply Chain Management: Implications for Report Integrity
title_sort blockchain depolyment in energy supply chain management implications for report integrity
topic HD Industries. Land use. Labor
url http://umpir.ump.edu.my/id/eprint/33488/1/IMPLICATIONSOF%20%20BLOCKCHAIN%20%20DEPLOYMENT%20%20IN%20%20ENERGY%20%20SUPPLY%20%20CHAIN%20MANAGEMENT.pdf
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