What is the proportion of each of the five typical applications of blockchain in the power sector?

The International Renewable Energy Agency (IRENA) released an innovation report on renewable energy, introducing the application of blockchain in the power sector. Blockchain-based smart contracts can provide a driving force for the modernization of power grids, increase the use of renewable energy, especially intermittent sources that are difficult to absorb, while reducing costs and speeding up transaction processes. Specifically, the main uses of blockchain include:

1) Peer-to-peer transactions (accounting for 36% of blockchain applications in the power sector), based on blockchain to reduce transaction costs, smaller power producers can sell their excess renewable energy to other users;

2) Grid management and system operation (24%), blockchain technology makes the power network easier to control, as smart contracts will signal the system when to initiate specific transactions, ensuring that all power and storage flows are controlled to automatically balance supply and demand;

3) Financing renewable energy through hybrid assets (12%), providing an attractive platform to reduce transaction costs and affordability;

4) Renewable energy certificate management (11%), used to provide proof that the electricity consumed is indeed renewable;

5) Electric transportation (11%): Blockchain can coordinate a platform for charging electric vehicles without the need for any centralized intermediary.