Implementation of blockchain as an emerging, innovative technology for the advancement of a sustainable energy system

       Today, the world is increasingly focusing on sustainable development and environmental protection, where the energy sector plays a crucial role. The pressing issues of climate change and the limited availability of non-renewable energy resources have created a growing need for sustainable energy alternatives. The majority of global energy demand is still met by non-renewable fossil fuels such as oil, coal and natural gas. These sources are exhaustible, cannot be replenished and contribute to environmental pollution. Hence, there is an urgent need to shift to sustainable energy alternatives that are both renewable and cleaner, capable of mitigating the adverse effects of climate change. This transition to sustainable energy presents a range of challenges and opportunities for the global economy. It involves ensuring reliable and efficient distribution and integrating renewable energy sources. This is where blockchain technology emerges as a potential game changer. The article assesses the economic benefits of the transition to sustainable energy, such as improved energy security, reduced dependence on fossil fuels, and the potential for economic growth. The paper provides information on the need for sustainable energy solutions, as well as the complex relationship between energy and the economy. Emphasis is made on the need for investments in renewable energy technologies, policy changes to stimulate the use of sustainable energy are presented and the potential for job creation in the energy sector and the importance of blockchain technology in advancing a sustainable energy system.