This paper examines the application of
blockchain technologies in creating decentralized energy
markets for smart cities. Through comparative and inductive
analysis of existing literature and industry reports, we explore
how blockchain-based systems can address inefficiencies in
centralized energy distribution and facilitate peer-to-peer
energy trading. Key findings include the potential for smart
contracts to automate energy transactions, tokenization of
energy assets to enable microtransactions, and blockchain
based certification of renewable energy sources. We propose
strategies for developing prosumer ecosystems and integrating
distributed energy resources into decentralized markets. While
blockchain-powered energy markets show promise for
Naeem AllahRakha
PhD, Assistant of Professor,
Tashkent State University of Law,
Tashkent, Uzbekistan
chaudharynaeem133@gmail.com
San’at Ergashev
PhD Student,
Tashkent State University of Law,
Tashkent, Uzbekistan
sanatergashev2@tsul.uz
improving efficiency and sustainability, challenges in scalability
and regulatory adaptation remain. This research highlights
blockchain as a critical tool for transforming urban energy
systems and fostering innovation in the energy sector through
decentralized market mechanisms.