International hydrogen market meets blockchain: A new frontier in trade

Authors : Sofya Morozova, Arif Karabuğa, Zafer Utlu

Pages : 581-599

Doi:10.58559/ijes.1536117

View : 8 | Download : 5

Publication Date : 2024-12-25

Article Type : Research Paper

Abstract :This research investigates the convergence of the nascent hydrogen market and blockchain technology. Driven by renewable energy policies, hydrogen demand has surged across traditional industries, expanding the overall market. However, hydrogen trading remains a relatively new sector in need of growth and investment. By examining the interplay between trade mechanisms and blockchain within the existing international regulatory landscape, including World Trade Organization frameworks, this study explores the feasibility of blockchain integration. Stakeholder analysis highlights the government as a pivotal actor in this emerging ecosystem. At the same time, to enhance the efficacy of smart contracts, the integration of artificial intelligence is proposed.
Keywords : Hydrogen market, Energy trading, Blockchain