Integrating Blockchain for Renewable Energy in Digital Business Era

In the current era of digitalization, intelligent systems resulting from the rapid development of technologies such as Information Technology (IT) and Information Communication Technology (ICT) play an essential role in carrying out strong collaboration on a system and have been used in many industries in the energy production sector, agriculture, building and other sectors. This rapid technological development has aroused the author’s body to conduct research in the realm of Renewable Energy, which is currently still a hot topic of controversy being discussed. New and renewable energies are considered a realistic alternative to fossil fuels, which have been integral to modern industry but are considered to cause environmental or economic problems, not to mention their limited reserves. Therefore, as renewable energy will gradually replace existing energy sources but will take more time to become fully available, it is essential to find a method of managing it fairly and transparently. From the background of these existing problems, the researcher will contribute a novelty of an efficient Blockchain-based consensus algorithm for the system. The finding of this research is the design of a Blockchain-based model to validate its parallel computing capabilities through simulation.