Leveraging self-sovereign identity & distributed ledger technology in renewable energy certificate ecosystems

• DOI: 10.1016/j.jclepro.2023.138355
• Publication Date: 2023-08-21T16:10:10Z
• Authors: Md Sadek Ferdous; Umit Cali; Ugur Halden; Wolfgang Prinz
• Keywords: Certificate; Distributed ledger

Renewable Energy Certificates (RECs) are tradable units that represent the commodity in form of environmental attributes generated for each unit electricity produced by a renewable energy source. Furthermore, sector's digitalization ushers new crucial enablers like Distributed Ledger Technology (DLT), which may be used REC record tracking and trading. Unfortunately, there number outstanding issues such as lack common standard representation, communication, verification REC, reliance on centralized entities, others. In order to harness true potential DLT it is imperative address these issues. this visionary article, we propose holistic approach leverages novel decentralized identity mechanism called Self-sovereign Identity (SSI) DLT. We present its architecture, based rigorous threat model requirement analysis well detailed use-cases illustrate how architecture can different use-cases.