Asset Logging: Transparency of energy data & processes

The energy sector, like many other economic sectors, is facing the major challenge of digital transformation. This does not only lead to the necessity of transforming existing processes in order to remain future-proof and competitive, but also offers the opportunity to develop new digital business models and put them into practice. In this field of future-oriented digital business models in the energy industry, we are identifying and analyzing potentially relevant use cases in the InDEED project. In particular, we are looking at use cases from the area of ‘asset logging’. The term refers to the transparent, tamper-resistant, and automated documentation of energy industry asset data for the purpose of proving data integrity and verifying process flows.

Asset logging is particularly important after the data has been captured, making it possible to prove that recorded data has not been manipulated retrospectively. On the one hand, this simplifies use cases whose current implementation is based on complicated, mostly inefficient processes that rely on trust in individual instances, but where there is great potential for improvement and reduction of complexity. On the other hand, it additionally enables new use cases that only become feasible by guaranteeing data integrity. Based on preliminary work in the area of asset logging, a large number of use cases have now been discussed, evaluated and prioritized with practical partners from industry and business in order to be able to make a final selection of asset logging use cases suitable for implementation.

In our paper, we describe the underlying use cases from the field of asset logging, our solution approach, and its validation in a pilot test. In addition, we classify the legal framework conditions that arise in particular with regard to the data security when using a blockchain.