Economics & Finance

DeFi Adoption
Digital Transformation in the Energy and Utilities Industry

Editors: Dr. Pushan Kumar Dutta
Dr. S. B. Goyal
Dr. Chaman Verma
Dr. Hemachandran Kannan

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DeFi Adoption

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Short description of the book:


Decentralized Finance (DeFi) is revolutionizing traditional capital markets, including the energy trading and banking sectors. DeFi uses blockchain technology to decentralize financial systems, enabling peer-to-peer transactions and eliminating intermediaries such as banks. Decentralized Finance can significantly streamline the process of energy trading. It can allow for the creation of decentralized energy markets where energy producers can directly sell to consumers without the need for intermediary entities. For instance, producers of renewable energy can use DeFi platforms to create tokens representing a certain amount of energy. These tokens can then be traded on DeFi exchanges. This not only provides greater liquidity and transparency but also enables better price discovery. Moreover, smart contracts on the blockchain can be used to automatically execute trades when certain conditions are met, reducing the need for manual intervention, and reducing transaction costs. In traditional banking systems, banks act as intermediaries who facilitate transactions, provide loans, and offer other financial services.

This new book, DeFi Adoption: Digital Transformation in the Energy and Utilities Industry, provides an in-depth analysis of the current trends and prospects of digital transformation in the energy and utility industry. The world is witnessing a rapid digital transformation, and the energy sector is no exception. Companies involved in oil and gas production, mining, and renewable energy are leveraging advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), machine learning, and blockchain to enhance their operations and service delivery. These technologies have brought about significant improvements in the industry, leading to increased efficiency, quality control, and access to data while ensuring compliance. In addition, we delve into the concept of energy decentralization, which is increasingly becoming a global trend.

This shift towards decentralization is driven by uncertainties over future energy prices and a move away from older, polluting energy sources. Countries and energy companies worldwide are exploring innovative approaches and methods in response to this trend. Furthermore, we delve into the social and environmental impact of blockchain and cryptocurrency, disruptive innovation in finance, and the prospects and challenges in digitalization, decentralization, and tokenization. We also look at the future of DeFi technologies and their potential to revolutionize the energy sector. This book aims to provide industry players, stakeholders, researchers, and enthusiasts with a comprehensive understanding of the digital transformation in the energy and utilities industry. It presents a broad view of the current trends, the benefits of digital transformation for energy companies, and what the future holds.

Overall, DeFi has the potential to revolutionize the energy trading and banking sectors by providing more efficient, transparent, and accessible systems. However, it’s still a nascent technology with several challenges to overcome, including scalability, regulatory compliance, and security issues. In this book, the authors will try to address the challenges facing the implementation of these technologies, such as regulatory uncertainties, lack of standardization, scalability issues and interoperability. The challenges involved in adopting these technologies are then discussed, along with potential solutions. The final chapters offer practical guidance on how to implement blockchain and DeFi in energy management, discussing regulatory considerations, necessary infrastructure, and potential pitfalls to avoid. We acknowledge the challenges and opportunities they present and offer practical guidance on how to navigate this uncharted territory.

Coverage:
We request potential authors to consider submitting their scholarly findings to enrich the content of this intended volume. The book will cover the following topics, but not limited to:
1. Automation of the Energy Sector
2. Energy Decentralization
3. Decentralized Financial (DeFi) Technologies
4. Development of IoT for the Energy Sector
5. The use of AI in the Energy Sector
6. Cloud Computing and the Energy Sector
7. Distributed Ledger Technology
8. The Energy Sector and Blockchain
9. Key Benefits of Digital Transformation for Energy Companies
10. Web 3.0 and Digital Economy
11. Electric Vehicle Charging Infrastructure
12. Unconstrained Consumption of New and Old Technologies
13. Energy Analytics Mobility Development
14. IoT Solutions for Renewable Energy Management
15. Social and Environmental Impact of Blockchain and Cryptocurrency
16. Disruptive Innovation in Finance
17. Prospects and Challenges in Digitalization, Decentralization, and Tokenization
18. Future of Decentralized Financial (DeFi) Technologies.

Important Dates:


Initial Proposal / Abstract Submission (400 - 600 words)

Deadline: January 10th, 2024

Notification of Acceptance: January 26th, 2024

Full Chapter (8,000 - 10,000 words) Submission Due: On or before May, 2024


Submission procedure:

Researchers and practitioners are invited to submit a one-page chapter proposal or abstract on or before January 10th, 2024, clearly mentioning the title of the paper and author(s) details. Author(s) will be notified about the status of their proposals by January 26th, 2024 . Full chapters (15-20 pages) are expected to be submitted by May 15th, 2024. All submitted chapters will be peer-reviewed.

Prospective authors are requested to submit their proposals / full-length chapters as an email attachment in the google form
https://forms.gle/smLmxkwR2iMc8EVF7 Click here

Authors must refer to the following link for detailed guidelines for chapter preparation:
https://appleacademicpress.com/download/AAP_MS_INSTRUX.pdf

Note: Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere.


About the Authors / Editors:
Editors: Dr. Pushan Kumar Dutta
Assistant Professor, Grade III, School of Engineering and Technology, Amity University Kolkata, India
Email: pkdutta@kol.amity.edu


Dr. S. B. Goyal
Director at City University College of Science and Technology, Malaysia
Email: drsbgoyal@gmail.com


Dr. Chaman Verma
Department of Media and Educational Informatics, Faculty of Informatics, H-1117 Budapest, Pázmány P. sny 1/C, Hungary
Email: chaman@inf.elte.hu


Dr. Hemachandran Kannan
Director of the AI Research Centre and Area Chair of the Analytics Department at Woxsen University, Hyderabad, India
Email: hemachandran.k@woxsen.edu.in





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