Title: Token Economics in Energy Systems: Concept, Functionality and Applications,
Abstract: Traditional centralized energy systems have the disadvantages of difficult
management and insufficient incentives. Blockchain is an emerging technology,
which can be utilized in energy systems to enhance their management and
control. Integrating token economy and blockchain technology, token economic
systems in energy possess the characteristics of strong incentives and low
cost, facilitating integrating renewable energy and demand side management, and
providing guarantees for improving energy efficiency and reducing emission.
This article describes the concept and functionality of token economics, and
then analyzes the feasibility of applying token economics in the energy
systems, and finally discuss the applications of token economics with an
example in integrated energy systems.