scholarly journals A Distributed Energy Transaction Method Based on Blockchain

2021 ◽  
Vol 267 ◽  
pp. 01007
Author(s):  
Zhipeng Jing
Keyword(s):  
Communication Process ◽  
Energy Market ◽  
Distributed Energy ◽  
Energy Trading ◽  
Healthy Development ◽  
Blockchain Technology ◽  
Transaction Process ◽  
Energy Fund ◽  
Multi Agent ◽  
Multi Mode

Aiming at the multi-agent, multi-mode and multi-rule characteristics of the distributed energy trading market,a distributed energy trading method based on blockchain is proposed. In view of the randomness and volatility of distributed energy, the use of the decentralized characteristics of blockchain technology meets the needs of distributed energy market transactions; in order to improve the reliability of the distributed energy transaction process, it is proposed to use smart contracts to separate the transaction and the communication process between the blockchain and the energy fund account; with the help of Ethereum’s “Raiden Network”, this “off-chain transaction” method, frequent and efficient transactions are carried out, realizing the “tripartite” of distributed energy producers, grid institutions and users “win-win” to promote the opening and healthy development of the distributed energy market.

scholarly journals Real-Time Bidding Model of Cryptocurrency Energy Trading Platform

Energies ◽  
2021 ◽  
Vol 14 (21) ◽  
pp. 7216
Author(s):  
Yue Wu ◽  
Junxiang Li ◽  
Jin Gao
Keyword(s):  
Real Time ◽  
Energy Market ◽  
Distributed Energy ◽  
Market Prices ◽  
Energy Trading ◽  
Energy Internet ◽  
Blockchain Technology ◽  
The Social ◽  
User Access ◽  
Welfare Model

Blockchain technology provides a comprehensive solution to user access and energy trading for distributed energy Internet. Achieving market-based pricing, increasing the earnings of energy suppliers, attracting foreign capital and facilitating the upgrade of solar and wind energy are pressing issues. Drawing on the practices of centralised exchanges and blockchain cryptocurrency, the author designed the Cryptocurrency Energy Trading Platform (CETP), dividing the permissioned blockchain into the Energy Blockchain Platform (EBP) and the Energy Cryptocurrency Exchange (ECE). The frequently used real-time bidding scenario and the seldom-used power-using scenario are separated from each other. A market welfare model for real-time bidding is established and verified. With Energy Blockchain Cryptocurrency (EBC) as the trading medium, the platform allows external bidders to get involved in the bidding and transactions, which not only attracts the social capital to be used in the development of energy Internet but also helps stabilise the energy market prices, thus, advancing the energy Internet.

scholarly journals Blockchain-Enhanced Fair and Efficient Energy Trading in Industrial Internet of Things

2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Jianwen Hu ◽  
Yuling Chen ◽  
Xiaojun Ren ◽  
Yixian Yang ◽  
Xiaobin Qian ◽  
...  
Keyword(s):  
Internet Of Things ◽  
Consensus Algorithm ◽  
Experimental Simulation ◽  
Industrial Internet Of Things ◽  
Identity Verification ◽  
Energy Trading ◽  
Blockchain Technology ◽  
Transaction Process ◽  
Industrial Internet ◽  
Trading Scheme

As the technical support of the industrial Internet of Things, blockchain technology has been widely used in energy trading, data transactions, and Internet of Vehicles. However, most of the existing energy trading models only address the transaction security and transaction privacy issues that arise in the energy trading process, ignoring the fairness of resource allocation and transaction equity in the trading process. In order to tackle those problems, an energy trading scheme called HO-TRAD is proposed in this paper to improve the efficiency of model trading while ensuring the fairness of energy trading. We propose a new trading strategy in the HO-TRAD energy trading scheme that guarantees fairness in the allocation of trading resources by introducing an entity’s active reputation value. Use smart contracts to achieve transparency and ensure fairness in the transaction process. Based on the identity verification foundation of the consortium chain, the scheme enhances the existing PBFT consensus algorithm and improves the efficiency of model transactions. The experimental simulation indicates that the scheme requires less transaction time and has higher transaction fairness and security.

Management of Distributed Energy Resources Using Intelligent Multi-Agent System

2010 ◽  
pp. 208-231 ◽  
Author(s):  
T. Logenthiran ◽  
Dipti Srinivasan
Keyword(s):  
Open Systems ◽  
Agent Technology ◽  
Energy Market ◽  
Multi Agent System ◽  
Distributed Energy ◽  
Agent System ◽  
Market Outcomes ◽  
Rule Based System ◽  
Multi Agent ◽  
Cross Platform

The technology of intelligent Multi-Agent System (MAS) has radically altered the way in which complex, distributed, open systems are conceptualized. This chapter presents the application of multi-agent technology to design and deployment of a distributed, cross platform, secure multi-agent framework to model a restructured energy market, where multi players dynamically interact with each other to achieve mutually satisfying outcomes. Apart from the security implementations, some of the best practices in Artificial Intelligence (AI) techniques were employed in the agent oriented programming to deliver customized, powerful, intelligent, distributed application software which simulates the new restructured energy market. The AI algorithm implemented as a rule-based system yielded accurate market outcomes.

scholarly journals Extending a Trust model for Energy Trading with Cyber-Attack Detection

Electronics ◽  
2021 ◽  
Vol 10 (16) ◽  
pp. 1975
Author(s):  
Rui Andrade ◽  
Sinan Wannous ◽  
Tiago Pinto ◽  
Isabel Praça
Keyword(s):  
Supervised Classification ◽  
Trust Model ◽  
Attack Detection ◽  
Energy Market ◽  
Local Energy ◽  
Multi Agent System ◽  
Cyber Attack ◽  
Energy Trading ◽  
Detection Model ◽  
Multi Agent

This paper explores the concept of the local energy markets and, in particular, the need for trust and security in the negotiations necessary for this type of market. A multi-agent system is implemented to simulate the local energy market, and a trust model is proposed to evaluate the proposals sent by the participants, based on forecasting mechanisms that try to predict their expected behavior. A cyber-attack detection model is also implemented using several supervised classification techniques. Two case studies were carried out, one to evaluate the performance of the various classification methods using the IoT-23 cyber-attack dataset; and another one to evaluate the performance of the developed trust mode.

scholarly journals Distributed Energy Trading: The Multiple-Microgrid Case

2015 ◽  
Vol 62 (4) ◽  
pp. 2551-2559 ◽  
Author(s):  
David Gregoratti ◽  
Javier Matamoros
Keyword(s):  
Distributed Energy ◽  
Energy Trading

A Novel Energy Trading Framework Using Adapted Blockchain Technology

2020 ◽  
pp. 1-1
Author(s):  
Mohamed R. Hamouda ◽  
Mohammed E. Nassar ◽  
M. M. A. Salama
Keyword(s):  
Energy Trading ◽  
Blockchain Technology

scholarly journals Emergence of blockchain-technology application in peer-to-peer electrical-energy trading: a review

Clean Energy ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 104-123
Author(s):  
Manish Kumar Thukral
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Research Work ◽  
Energy Sector ◽  
Peer To Peer ◽  
Renewable Energy Resources ◽  
Energy Trading ◽  
Technology Application ◽  
Blockchain Technology ◽  
The Common

Abstract Renewable-energy resources require overwhelming adoption by the common masses for safeguarding the environment from pollution. In this context, the prosumer is an important emerging concept. A prosumer in simple terms is the one who consumes as well as produces electricity and sells it either to the grid or to a neighbour. In the present scenario, peer-to-peer (P2P) energy trading is gaining momentum as a new vista of research that is viewed as a possible way for prosumers to sell energy to neighbours. Enabling P2P energy trading is the only method of making renewable-energy sources popular among the common masses. For making P2P energy trading successful, blockchain technology is sparking considerable interest among researchers. Combined with smart contracts, a blockchain provides secure tamper-proof records of transactions that are recorded in distributed ledgers that are immutable. This paper explores, using a thorough review of recently published research work, how the existing power sector is reshaping in the direction of P2P energy trading with the application of blockchain technology. Various challenges that are being faced by researchers in the implementation of blockchain technology in the energy sector are discussed. Further, this paper presents different start-ups that have emerged in the energy-sector domain that are using blockchain technology. To give insight into the application of blockchain technology in the energy sector, a case of the application of blockchain technology in P2P trading in electrical-vehicle charging is discussed. At the end, some possible areas of research in the application of blockchain technology in the energy sector are discussed.

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