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47 pages, 6244 KiB  
Review
Toward the Mass Adoption of Blockchain: Cross-Industry Insights from DeFi, Gaming, and Data Analytics
by Shezon Saleem Mohammed Abdul, Anup Shrestha and Jianming Yong
Big Data Cogn. Comput. 2025, 9(7), 178; https://doi.org/10.3390/bdcc9070178 - 3 Jul 2025
Viewed by 1862
Abstract
Blockchain’s promise of decentralised, tamper-resistant services is gaining real traction in three arenas: decentralized finance (DeFi), blockchain gaming, and data-driven analytics. These sectors span finance, entertainment, and information services, offering a representative setting in which to study real-world adoption. This survey analyzes how [...] Read more.
Blockchain’s promise of decentralised, tamper-resistant services is gaining real traction in three arenas: decentralized finance (DeFi), blockchain gaming, and data-driven analytics. These sectors span finance, entertainment, and information services, offering a representative setting in which to study real-world adoption. This survey analyzes how each domain implements blockchain, identifies the incentives that accelerate uptake, and maps the technical and organizational barriers that still limit scale. By examining peer-reviewed literature and recent industry developments, this review distils common design features such as token incentives, verifiable digital ownership, and immutable data governance. It also pinpoints the following domain-specific challenges: capital efficiency in DeFi, asset portability and community engagement in gaming, and high-volume, low-latency querying in analytics. Moreover, cross-sector links are already forming, with DeFi liquidity tools supporting in-game economies and analytics dashboards improving decision-making across platforms. Building on these findings, this paper offers guidance on stronger interoperability and user-centered design and sets research priorities in consensus optimization, privacy-preserving analytics, and inclusive governance. Together, the insights equip developers, policymakers, and researchers to build scalable, interoperable platforms and reuse proven designs while avoiding common pitfalls. Full article
(This article belongs to the Special Issue Application of Cloud Computing in Industrial Internet of Things)
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16 pages, 440 KiB  
Article
The Customary Law and the Traditional Leadership Power in Angola—Their Effects on Territorial Planning Issues
by Nagayamma Aragão, Carlos Smaniotto Costa, Ruben Domingos and Job Francisco
Urban Sci. 2025, 9(6), 207; https://doi.org/10.3390/urbansci9060207 - 4 Jun 2025
Viewed by 1237
Abstract
Angola’s cultural mosaic and ethnolinguistic diversity reflect the multilocational traditional customs and power, which are key to the country’s social organisation. A Soba, a traditional leader whose status is recognised by the Angolan Constitution, exerts political influence, shapes the collective life, and helps [...] Read more.
Angola’s cultural mosaic and ethnolinguistic diversity reflect the multilocational traditional customs and power, which are key to the country’s social organisation. A Soba, a traditional leader whose status is recognised by the Angolan Constitution, exerts political influence, shapes the collective life, and helps to preserve cultural identity. Customary law, entrenched after independence, became central to the political and administrative restructuring of the country, which had an impact on decentralisation efforts and legal pluralism. This study analyses the traditional leadership of Sobas in Angola in the context of placemaking and territorial co-management. Backed by the theory of Afrocentricity, a multidisciplinary approach is adopted towards setting Africans as the subjects of their own history. It is based on a literature review and critical analysis of the interaction between administrative law and customary law, which imply a hybrid model for territorial governance. The results indicate that the influence of Sobas on decision-making directly affects the use of the territory and cultural development, highlighting the importance of institutionalising traditional power. This paper suggests that recognising and strengthening such hybrid models is key to promoting territorial cohesion and fostering community engagement, whilst integrating traditional practices can result in more inclusive and effective public policies. Full article
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28 pages, 2433 KiB  
Article
Beyond Traceability: Decentralised Identity and Digital Twins for Verifiable Product Identity in Agri-Food Supply Chains
by Manuela Cordeiro and Joao C. Ferreira
Appl. Sci. 2025, 15(11), 6062; https://doi.org/10.3390/app15116062 - 28 May 2025
Viewed by 1228
Abstract
Agricultural supply chains face growing scrutiny due to rising concerns over food authenticity, safety, and sustainability. These challenges stem from issues such as contamination risks, fraudulent labelling, and the absence of reliable, real-time tracking systems. Existing systems often rely on centralised databases and [...] Read more.
Agricultural supply chains face growing scrutiny due to rising concerns over food authenticity, safety, and sustainability. These challenges stem from issues such as contamination risks, fraudulent labelling, and the absence of reliable, real-time tracking systems. Existing systems often rely on centralised databases and fragmented data flows, limiting traceability, data integrity, and end-to-end visibility. While blockchain technology offers potential, most research focuses narrowly on traceability, overlooking its role in establishing secure product identity and its integration with emerging tools. This review investigates how Decentralised Identifiers (DIDs), digital twins, and smart contracts—in conjunction with blockchain—can create verifiable digital representations of agricultural products and automate trust mechanisms. Through an analysis of over sixty recent sources and leading standards (e.g., W3C DIDs, Hyperledger Aries), the study identifies key gaps in interoperability, governance, and system maturity. A layered system architecture is proposed, and its application is demonstrated in a cold-chain case scenario. The paper concludes with a roadmap for empirical validation and policy alignment, contributing a practical and scalable framework for researchers, practitioners, and regulators advancing blockchain-enabled traceability systems. Full article
(This article belongs to the Special Issue Big Data and AI for Food and Agriculture)
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21 pages, 4767 KiB  
Article
Mapping the Distribution and Discharge of Plastic Pollution in the Ganga River
by Ekta Sharma, Aishwarya Ramachandran, Pariva Dobriyal, Srishti Badola, Heather Koldewey, Syed Ainul Hussain and Ruchi Badola
Sustainability 2025, 17(11), 4932; https://doi.org/10.3390/su17114932 - 27 May 2025
Viewed by 1104
Abstract
The Ganga River, a lifeline for millions and a critical freshwater ecosystem, is under threat from escalating plastic pollution driven by widespread usage and inadequate disposal practices. While marine ecosystems have garnered extensive research attention, freshwater systems—particularly in the Global South—remain underexplored, leaving [...] Read more.
The Ganga River, a lifeline for millions and a critical freshwater ecosystem, is under threat from escalating plastic pollution driven by widespread usage and inadequate disposal practices. While marine ecosystems have garnered extensive research attention, freshwater systems—particularly in the Global South—remain underexplored, leaving critical gaps in understanding plastic pollution’s sources and pathways. Addressing these gaps, the study documents the prevalence and typology of plastic debris in urban and underexplored rural communities along the Ganga River, India, aiming to suggest mechanisms for a reduction in source-based pollution. A stratified random sampling approach was used to select survey sites and plastic debris was quantified and categorised through transect surveys. A total of 37,730 debris items were retrieved, dominated by packaging debris (52.46%), fragments (23.38%), tobacco-related debris (5.03%), and disposables (single-use plastic cutleries) (4.73%) along the surveyed segments with varying abundance trends. Floodplains displayed litter densities nearly 28 times higher than river shorelines (6.95 items/m2 vs. 0.25 items/m2), with minor variations between high- and low-population-density areas (7.14 items/m vs. 6.7 items/m2). No significant difference was found between rural and urban areas (V = 41, p = 0.19), with mean densities of 0.87 items/m2 and 0.81 items/m2, respectively. Seasonal variations were insignificant (V = 13, p = 0.30), but treatment sites displayed significant variance (Chi2 = 10.667, p = 0.004) due to flood impacts. The findings underscore the urgent need for tailored waste management strategies integrating industrial reforms, decentralised governance, and community-driven efforts. Enhanced baseline information and coordinated multi-sectoral efforts, including Extended Producer Responsibility (EPR), are crucial for mitigating plastic pollution and protecting freshwater ecosystems, given rivers’ significant contribution to ocean pollution. Full article
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19 pages, 5766 KiB  
Article
Tree-to-Me: Standards-Driven Traceability for Farm-Level Visibility
by Ya Cho, Arbind Agrahari Baniya and Kieran Murphy
Agronomy 2025, 15(5), 1074; https://doi.org/10.3390/agronomy15051074 - 28 Apr 2025
Viewed by 609
Abstract
Traditional horticultural information systems lack fine-grained, transparent on-farm event traceability, often providing only high-level post-harvest summaries. These systems also fail to standardise and integrate diverse data sources, ensure data privacy, and scale effectively to meet the demands of modern agriculture. Concurrently, rising requirements [...] Read more.
Traditional horticultural information systems lack fine-grained, transparent on-farm event traceability, often providing only high-level post-harvest summaries. These systems also fail to standardise and integrate diverse data sources, ensure data privacy, and scale effectively to meet the demands of modern agriculture. Concurrently, rising requirements for global environmental, social, and governance (ESG) compliance, notably Scope 3 emissions reporting, are driving the need for farm-level visibility. To address these gaps, this study proposes a novel traceability framework tailored to horticulture, leveraging global data standards. The system captures key on-farm events (e.g., irrigation, harvesting, and chemical applications) at varied resolutions, using decentralised identification, secure data-sharing protocols, and farmer-controlled access. Built on a progressive Web application with microservice-enabled cloud infrastructure, the platform integrates dynamic APIs and digital links to connect on-farm operations and external supply chains, resolving farm-level data bottlenecks. Initial testing on Victorian farms demonstrates its scalability potential. Pilot studies further validate its on-farm interoperability and support for sustainability claims through digitally verifiable credentials for an international horticultural export case study. The system also provides a tested baseline for integrating data to and from emerging technologies, such as farm robotics and digital twins, with potential for broader application across agricultural commodities. Full article
(This article belongs to the Section Precision and Digital Agriculture)
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27 pages, 1376 KiB  
Article
Proof-of-Friendship Consensus Mechanism for Resilient Blockchain Technology
by Jims Marchang, Rengaprasad Srikanth, Solan Keishing and Indranee Kashyap
Electronics 2025, 14(6), 1153; https://doi.org/10.3390/electronics14061153 - 14 Mar 2025
Viewed by 929
Abstract
Traditional blockchain consensus mechanisms, such as Proof of Work (PoW) and Proof of Stake (PoS), face significant challenges related to the centralisation of validators and miners, environmental impact, and trustworthiness. While PoW is highly secure, it is energy-intensive, and PoS tends to favour [...] Read more.
Traditional blockchain consensus mechanisms, such as Proof of Work (PoW) and Proof of Stake (PoS), face significant challenges related to the centralisation of validators and miners, environmental impact, and trustworthiness. While PoW is highly secure, it is energy-intensive, and PoS tends to favour wealthy stakeholders, leading to validator centralisation. Existing mechanisms lack fairness, and the aspect of sustainability is not considered. Moreover, it fails to address social trust dynamics within validator selection. To bridge this research gap, this paper proposes Proof of Friendship (PoF)—a novel consensus mechanism that leverages social trust by improving decentralisation, enhancing fairness and sustainability among the validators. Unlike traditional methods that rely solely on computational power or financial stakes, PoF integrates friendship-based trust scores with geo-location diversity, transaction reliability, and sustainable energy adoption. By incorporating a trust graph, where validators are selected based on their verified relationships within the network, PoF mitigates the risks of Sybil attacks, promotes community-driven decentralisation, and enhances the resilience of the blockchain against adversarial manipulation. This research introduces the formal model of PoF, evaluates its security, decentralisation, and sustainability trade-offs, and demonstrates its effectiveness compared to existing consensus mechanisms. Our investigation and results indicate that PoF achieves higher decentralisation, improved trustworthiness, reduced validator monopolisation, and enhanced sustainability while maintaining strong network security. This study opens new avenues for socially aware blockchain governance, making consensus mechanisms more equitable, efficient, and environmentally responsible. This consensus mechanism demonstrates a holistic approach to modern blockchain design, addressing key challenges in trust, performance, and sustainability. The mechanism is tested theoretically and experimentally to validate its robustness and functionality. Processing latency (PL), network latency (NL) [transaction size/network speed], synchronisation delays (SDs), and cumulative delay per transaction are 85 ms, 172 ms, 1802 ms, [PL + NL + SD] 2059 ms, respectively. Full article
(This article belongs to the Special Issue Recent Advances in Information Security and Data Privacy)
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29 pages, 895 KiB  
Article
Leveraging Multi-Agent Systems and Decentralised Autonomous Organisations for Tax Credit Tracking: A Case Study of the Superbonus 110% in Italy
by Giovanni De Gasperis, Sante Dino Facchini and Ivan Letteri
Appl. Sci. 2024, 14(22), 10622; https://doi.org/10.3390/app142210622 - 18 Nov 2024
Viewed by 2024
Abstract
This study aims to develop a Secured Fiscal Credits Model to address the challenges of managing Italy’s “Superbonus 110%” tax credit. Using a decentralised governance approach, our research objective is to provide a feasible system to track and control the entire tax credit [...] Read more.
This study aims to develop a Secured Fiscal Credits Model to address the challenges of managing Italy’s “Superbonus 110%” tax credit. Using a decentralised governance approach, our research objective is to provide a feasible system to track and control the entire tax credit process, from generation to redemption. The method integrates Artificial Intelligence and blockchain technology within a Decentralised Autonomous Organisation architecture, combined with a Multi-agent System to establish a tokenomics model. The system is structured to prevent accidental errors, such as double spending or overspending, and detect fraudulent behaviours, like false claims of completed work. Our main findings indicate that deploying two Decentralised Autonomous Organisations on the Algorand blockchain significantly enhances trust and security, supporting effective oversight of the Superbonus process and facilitating transparent value exchange among stakeholders. This decentralised governance model introduces substantial automation, reduces biases, and offers a viable solution to strengthen tax credit management. This work proposes an innovative, technology-driven framework that can be generalised to similar fiscal and governance contexts, enhancing transparency and control. Full article
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34 pages, 3921 KiB  
Article
Soft Actor-Critic Approach to Self-Adaptive Particle Swarm Optimisation
by Daniel von Eschwege and Andries Engelbrecht
Mathematics 2024, 12(22), 3481; https://doi.org/10.3390/math12223481 - 7 Nov 2024
Cited by 3 | Viewed by 1428
Abstract
Particle swarm optimisation (PSO) is a swarm intelligence algorithm that finds candidate solutions by iteratively updating the positions of particles in a swarm. The decentralised optimisation methodology of PSO is ideally suited to problems with multiple local minima and deceptive fitness landscapes, where [...] Read more.
Particle swarm optimisation (PSO) is a swarm intelligence algorithm that finds candidate solutions by iteratively updating the positions of particles in a swarm. The decentralised optimisation methodology of PSO is ideally suited to problems with multiple local minima and deceptive fitness landscapes, where traditional gradient-based algorithms fail. PSO performance depends on the use of a suitable control parameter (CP) configuration, which governs the trade-off between exploration and exploitation in the swarm. CPs that ensure good performance are problem-dependent. Unfortunately, CPs tuning is computationally expensive and inefficient. Self-adaptive particle swarm optimisation (SAPSO) algorithms aim to adaptively adjust CPs during the optimisation process to improve performance, ideally while reducing the number of performance-sensitive parameters. This paper proposes a reinforcement learning (RL) approach to SAPSO by utilising a velocity-clamped soft actor-critic (SAC) that autonomously adapts the PSO CPs. The proposed SAC-SAPSO obtains a 50% to 80% improvement in solution quality compared to various baselines, has either one or zero runtime parameters, is time-invariant, and does not result in divergent particles. Full article
(This article belongs to the Special Issue Heuristic Optimization and Machine Learning)
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14 pages, 1015 KiB  
Article
Examining the Role of Local Government’s Financial Performance and Capital Expenditure in Increasing Economic Growth in Banten Province, Indonesia (2018–2022)
by Mohamad Harry Mulya Zein, Muhtarom Muhtarom, Mulyadi Mulyadi and Sisca Septiani
J. Risk Financial Manag. 2024, 17(10), 456; https://doi.org/10.3390/jrfm17100456 - 8 Oct 2024
Viewed by 1911
Abstract
This study aims to analyse how financial ratios such as the independence ratio, effectiveness ratio, efficiency ratio, fiscal decentralisation ratio, dependency ratio, and compatibility ratio affect economic growth, directly or indirectly, through capital expenditure as a mediating factor. This research used a quantitative [...] Read more.
This study aims to analyse how financial ratios such as the independence ratio, effectiveness ratio, efficiency ratio, fiscal decentralisation ratio, dependency ratio, and compatibility ratio affect economic growth, directly or indirectly, through capital expenditure as a mediating factor. This research used a quantitative approach; purposive sampling was conducted, and path analysis was applied to explore the relationships between variables. The results show that self-reliance, effectiveness, efficiency, fiscal decentralisation, dependency, and capital expenditure significantly affect economic growth. The independence and effectiveness ratios have a positive impact, indicating that improvements in these variables directly foster economic growth. However, the efficiency and fiscal decentralisation ratios have a negative effect, suggesting that increases in these variables may reduce economic growth. Indirectly, through capital expenditure, the independence, effectiveness, dependency, and compatibility ratios significantly affect economic growth, with the independence ratio being the most dominant. Conversely, the fiscal decentralisation and efficiency ratios did not show significant indirect effects, indicating that capital expenditure is not an effective mediator for these variables. These findings provide insights into how local financial management strategies can influence regional development, offering key policy recommendations for Banten’s local government. Full article
(This article belongs to the Section Economics and Finance)
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18 pages, 623 KiB  
Article
Governance and Fiscal Decentralisation in Latin America: An Empirical Approach
by Diego E. Pinilla-Rodríguez and Patricia Hernández-Medina
Economies 2024, 12(8), 207; https://doi.org/10.3390/economies12080207 - 19 Aug 2024
Cited by 2 | Viewed by 2215
Abstract
The objective of this study was to establish the relationship between certain institutional variables and the effectiveness of fiscal decentralisation in Latin America. To fulfil this objective, we took a sample of 15 Latin American countries for the years 1996 to 2020 to [...] Read more.
The objective of this study was to establish the relationship between certain institutional variables and the effectiveness of fiscal decentralisation in Latin America. To fulfil this objective, we took a sample of 15 Latin American countries for the years 1996 to 2020 to estimate the logarithm of GDP per capita based on the level of fiscal decentralisation, as well as its interaction with six institutional variables plus three control variables. The results show that institutional variables always modulate the effects of fiscal decentralisation, in most cases significantly and negatively, the exceptions being accountability with a positive result and government effectiveness with a non-significant result. It was concluded that in the presence of weak regulations, political conflicts, and corruption, fiscal decentralisation can worsen social or economic circumstances in Latin America. Full article
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27 pages, 3084 KiB  
Article
Prospects for a Megacity Region Transition in Australia: A Preliminary Examination of Transport and Communication Drivers
by Peter Newton, James Whitten, Stephen Glackin, Margaret Reynolds and Magnus Moglia
Sustainability 2024, 16(9), 3712; https://doi.org/10.3390/su16093712 - 29 Apr 2024
Cited by 1 | Viewed by 2428
Abstract
Australian governments continue to search for a model capable of planning future urban settlements at an extended spatial scale (the mega-metropolitan region) to accommodate high population growth more sustainably. Attempts at decentralisation over the past half century have failed, as state capital cities [...] Read more.
Australian governments continue to search for a model capable of planning future urban settlements at an extended spatial scale (the mega-metropolitan region) to accommodate high population growth more sustainably. Attempts at decentralisation over the past half century have failed, as state capital cities continue to sprawl in an unsustainable manner and increase their primacy at the expense of regional cities. This paper examines how two technologies, broadband and fast rail—both infrastructures capable of re-shaping space–time relationships—could underpin a transition of Australia’s largest capital cities into megacity regions by functionally integrating regional cities into their core metropolitan agglomerations. With the Melbourne megacity region as a spatial framework, changes in population and economic development are examined for Melbourne and several regional cities in Victoria following the introduction of regional fast rail (RFR) and broadband. The impact of high-speed rail (HSR) for intercity corridors in southeast England is analysed as a possible analogue for future application in Victoria. The results revealed that RFR primarily served to extend capital city suburban development. Only HSR had the capacity to ‘punch through’ and boost growth for ‘basic’ new economy industries in ‘on-line’ urban centres in corridors linked to London. High-speed broadband proved most attractive to Melbourne’s agglomeration of high-skilled information workers. Lower speed broadband services were more uniformly taken up across all centres. This discussion speculates on the impacts of these and other green economy and digitalisation drivers on prospects for a future megacity region transition in Victoria. Full article
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26 pages, 1741 KiB  
Systematic Review
Conceptualising the Link between Citizen Science and Climate Governance: A Systematic Review
by Gloria Freschi, Marialuisa Menegatto and Adriano Zamperini
Climate 2024, 12(5), 60; https://doi.org/10.3390/cli12050060 - 25 Apr 2024
Cited by 5 | Viewed by 3309
Abstract
Multilevel and decentralised governance approaches involving different social actors are increasingly relevant to collectively tackling climate-induced vulnerabilities. Among emergent governance experimentations, citizen science (CS) is a transversal scientific practice characterised by the involvement of citizens in various phases of the scientific process. We [...] Read more.
Multilevel and decentralised governance approaches involving different social actors are increasingly relevant to collectively tackling climate-induced vulnerabilities. Among emergent governance experimentations, citizen science (CS) is a transversal scientific practice characterised by the involvement of citizens in various phases of the scientific process. We performed a PRISMA systematic review of the scientific literature in order to conceptualise the interface between CS and climate governance. The included 44 studies were coded following the thematic analysis method. Information about temporal and geographical distribution, main research designs and methods, climate governance domains and levels of analysis was extracted. Among the most significant results, we stress the existence of a two-way link between CS and climate governance: CS beyond data gathering can facilitate climate change adaptation—namely, counteracting disaster risk, food insecurity and mental health distress due to changing climate, promoting health and wellbeing, and environmental conservation—until systemic changes are made. Conversely, inclusive governance structures and processes may provide support to initiate CS projects. We also discuss the role of psychosocial and justice issues—as well as digital CS—throughout the selected literature, and the implications for future lines of research and policy. Full article
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27 pages, 644 KiB  
Article
Conditions of Sustainable Welfare: A Cross-Case Empirical Analysis of 22 Locality-Based Welfare Systems in Decentralised Indonesia
by Virna Emily Tobing-David, Isbandi Rukminto Adi and Mu’man Nuryana
Sustainability 2024, 16(4), 1629; https://doi.org/10.3390/su16041629 - 16 Feb 2024
Viewed by 2289
Abstract
The existing body of knowledge underpinning welfare state theory suggests that most welfare systems depend on growth. It signifies that the state–market mechanism is a prerequisite for achieving welfare. However, the current ecological crisis highlights the detrimental effects of unchecked economic growth, which [...] Read more.
The existing body of knowledge underpinning welfare state theory suggests that most welfare systems depend on growth. It signifies that the state–market mechanism is a prerequisite for achieving welfare. However, the current ecological crisis highlights the detrimental effects of unchecked economic growth, which often exploits human and natural resources. This phenomenon calls for a countermovement that protects society and natural resources through social and public policies. Within the domain of sustainable welfare, an argument points towards the need to gain an empirical understanding of sustainable welfare policies and gather qualitative evidence that explains the conditions and mechanisms of “better” eco-social performance. This article aims to identify conditions leading to achieving sustainable welfare outcomes and discern under which conditions sustainable welfare outcomes are attainable or fail, especially in the context of the Global South. It draws on empirical data to analyse the locality-based welfare systems of 22 villages across decentralised Indonesia using a conditions-oriented approach of the crisp-set Qualitative Comparative Analysis. The findings shed light on the institutional setting and policy mix leading to sustainable welfare outcomes in less-industrialised, informal economy-based, and highly decentralised country contexts. The evidence points to the presence of sustainable welfare outcomes when a substantial level of subsidiarity, self-governance, and meaningful community participation, and a policy mix covering basic needs, services for vulnerable groups, a functioning local economy, and innovative ecological practices are in place. While past research predominantly leans towards a statist-focused approach to sustainable welfare, this study proposes a society-focused perspective. It argues that transforming both modes of production and relational dynamics among society, state, and market in the Global South context is necessary, where an empowered society serves as a prerequisite for sustainable welfare outcomes. Full article
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23 pages, 5531 KiB  
Article
Optimal Design and Analysis of a Hybrid Hydrogen Energy Storage System for an Island-Based Renewable Energy Community
by Robert Garner and Zahir Dehouche
Energies 2023, 16(21), 7363; https://doi.org/10.3390/en16217363 - 31 Oct 2023
Cited by 16 | Viewed by 3458
Abstract
Installations of decentralised renewable energy systems (RES) are becoming increasing popular as governments introduce ambitious energy policies to curb emissions and slow surging energy costs. This work presents a novel model for optimal sizing for a decentralised renewable generation and hybrid storage system [...] Read more.
Installations of decentralised renewable energy systems (RES) are becoming increasing popular as governments introduce ambitious energy policies to curb emissions and slow surging energy costs. This work presents a novel model for optimal sizing for a decentralised renewable generation and hybrid storage system to create a renewable energy community (REC), developed in Python. The model implements photovoltaic (PV) solar and wind turbines combined with a hybrid battery and regenerative hydrogen fuel cell (RHFC). The electrical service demand was derived using real usage data from a rural island case study location. Cost remuneration was managed with an REC virtual trading layer, ensuring fair distribution among actors in accordance with the European RED(III) policy. A multi-objective genetic algorithm (GA) stochastically determines the system capacities such that the inherent trade-off relationship between project cost and decarbonisation can be observed. The optimal design resulted in a levelized cost of electricity (LCOE) of 0.15 EUR/kWh, reducing costs by over 50% compared with typical EU grid power, with a project internal rate of return (IRR) of 10.8%, simple return of 9.6%/year, and return on investment (ROI) of 9 years. The emissions output from grid-only use was reduced by 72% to 69 gCO2e/kWh. Further research of lifetime economics and additional revenue streams in combination with this work could provide a useful tool for users to quickly design and prototype future decentralised REC systems. Full article
(This article belongs to the Topic Advances in Renewable Energy and Energy Storage)
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18 pages, 5528 KiB  
Article
Hybrid Game Trading Mechanism for Virtual Power Plant Based on Main-Side Consortium Blockchains
by Zhiwen Yu, Zhaoming Qiu, Ying Cai, Weijian Tao, Qian Ai and Di Wang
Electronics 2023, 12(20), 4269; https://doi.org/10.3390/electronics12204269 - 16 Oct 2023
Cited by 3 | Viewed by 1776
Abstract
With the rapid development and technological innovation in the energy market, peer-to-peer (P2P) energy trading, as a decentralised and efficient trading model, has been widely studied and practically applied. However, in P2P energy transactions involving multiple prosumers, there are challenges such as information [...] Read more.
With the rapid development and technological innovation in the energy market, peer-to-peer (P2P) energy trading, as a decentralised and efficient trading model, has been widely studied and practically applied. However, in P2P energy transactions involving multiple prosumers, there are challenges such as information asymmetry, trust issues, and transaction transparency. To address these challenges, blockchain technology, as a distributed ledger technology, provides solutions. In this paper, we propose a blockchain technology-based prosumer–virtual power plant (VPP) two-tier interactive energy management framework to assist P2P energy transactions between multiple prosumers. In this framework, the virtual power plant acts as a leader and sets differentiated tariffs for different prosumers to equal the distribution of social welfare. The various prosumers act as followers and respond to the leader’s decisions in a cooperative manner. Blockchain’s immutability and transparency enable prosumers to participate in P2P energy trading with greater trust, share idle energy, and share revenues based on contribution. In addition, given the uncertainty of renewable energy, this paper employs a stochastic planning approach with conditional value at risk (CVaR) to describe the expected loss of VPP. Ultimately, as verified by the arithmetic simulation, the blockchain co-governance transaction model effectively supports energy coordination and optimization of complementarities while ensuring the utility of each transaction node. This model promotes the application of renewable energy in local consumption, while facilitating the innovation and sustainable development of the energy market. Full article
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