Acceptance of shari?ah-compliant precious metal-backed cryptocurrency as an alternative currency: an empirical validation of adoption of innovation theory

In the crypto world, there is a proverbial (and literal) gold rush now occurring. Currently, more than 37 gold-backed cryptocurrency companies have now emerged. Interestingly, some of them also claim to be Sharīʿah-compliant. Introducing precious metal-backed cryptocurrencies is perceived to be an innovation among global payment systems, hampered in part by lack of supporting empirical evidence. Therefore, this research investigates potential users' tendency to adopt a Sharīʿah-compliant precious metal-backed cryptocurrency. As such, this study adopts an extended adoption model, which consists of eight factors. Partial least squares structural equation modeling (PLS-SEM) analysis was conducted on data elicited from economic active residents in Klang Valley from questionnaires. Overall, it was found six out of the eight constructs specified to influence the adoption of precious metal-backed cryptocurrency were statistically significant where 54.5% of the variation in adoption of PMBC can be explained by the structure model provided by this research. It was also found 63.55% of the respondents are willing to adopt precious metal-backed cryptocurrency in their future transactions

ICT Vulnerabilities of power grid: towards a roadmap of future research

International audienc

Cost-optimal energy system design in zero energy buildings with resulting grid impact: A case study of a german multi-family house

Zero Energy Buildings (ZEBs) are considered as one of the key elements to meet the Energy Strategy of the European Union. This paper investigates cost-optimal solutions for the energy system design in a ZEB and the subsequent grid impact. We use a Mixed Integer Linear (MILP) optimisation model that simultaneously optimises the building’s energy system design and the hourly operation. As a ZEB have onsite energy generation to compensate for the energy consumption, it is both importing and exporting electricity. The hourly time resolution identifies the factors that influence this import/export situation, also known as the building’s grid impact. An extensive case study of a multi-family house in Germany is performed. The findings show that the energy system design and the grid impact greatly depend on the ZEB definition, the existing policy instruments and on the current energy market conditions. The results indicate that due to the feed-in-tariff for PV, the cost-optimal energy design is fossil fuelled CHP combined with a large PV capacity, which causes large grid impacts. Further, we find that heat pumps are not a cost-optimal choice, even with lower electricity prices or with increased renewables in the electric power system

Methodology for optimal energy system design of zero energy buildings using mixed-integer linear programming

According to EU’s Energy Performance of Buildings Directive (EPBD), all new buildings shall be nearly Zero Energy Buildings (ZEB) from 2018/2020. How the ZEB requirement is defined has large implications for the choice of energy technology when considering both cost and environmental issues. This paper presents a methodology for determining ZEB buildings’ cost optimal energy system design seen from the building owner’s perspective. The added value of this work is the inclusion of peak load tariffs and feed-in-tariffs, the facilitation of load shifting by use of a thermal storage, along with the integrated optimisation of the investment and operation of the energy technologies. The model allows for detailed understanding of the hourly operation of the building, and how the ZEB interacts with the electricity grid through the characteristics of its net electric load profile. The modelling framework can be adapted to fit individual countries' ZEB definitions. The findings are important for policy makers as they identify how subsidies and EPBD’s regulations influence the preferred energy technology choice, which subsequently determines its grid interaction. A case study of a Norwegian school building shows that the heat technology is altered from HP to bio boiler when the ZEB requirement is applied