Towards a Blockchain-Based Peer-to-Peer Energy Marketplace

Blockchain technology is used as a distributed ledger to store and secure data and perform transactions between entities in smart grids. This paper proposes a platform based on blockchain technology and the multi-agent system paradigm to allow for the creation of an automated peer-to-peer electricit...

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Bibliographic Details
Published in:Energies (Basel) 2022-05, Vol.15 (9), p.3046
Main Authors: Mezquita, Yeray, Gil-González, Ana Belén, Martín del Rey, Angel, Prieto, Javier, Corchado, Juan Manuel
Format: Article
Language:English
Subjects:
Algorithms
Automation
Blockchain
Communication
Cryptography
Distributed generation
Distributed ledger
distributed ledger technology
Energy industry
energy market
Internet of Things
Legislation
multi-agent system
negotiation
Power supply
Prices
Security
Social networks
Technology
User needs
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Summary:Blockchain technology is used as a distributed ledger to store and secure data and perform transactions between entities in smart grids. This paper proposes a platform based on blockchain technology and the multi-agent system paradigm to allow for the creation of an automated peer-to-peer electricity market in micro-grids. The use of a permissioned blockchain network has multiple benefits as it reduces transaction costs and enables micro-transactions. Moreover, an improvement in security is obtained, eliminating the single point of failure in the control and management of the platform along with creating the possibility to trace back the actions of the participants and a mechanism of identification. Furthermore, it provides the opportunity to create a decentralized and democratic energy market while complying with the current legislation and regulations on user privacy and data protection by incorporating Zero-Knowledge Proof protocols and ring signatures.
ISSN:1996-1073
1996-1073
DOI:10.3390/en15093046