A blockchain consensus mechanism that uses Proof of Solution to optimize energy dispatch and trading

Research on model design and operation mechanism of enterprise blockchain digital system

“…In the energy field, use of the blockchain power system has been gradually promoted in energy projects. Chen upgraded the structure of a smart grid data platform with the aid of blockchain by analyzing the characteristics of the grid data 14 . In the medical field, health monitoring equipment is convenient for doctors and patients, but the open communication channels have both security and privacy risks.…”

Blockchain-Based Hardware-in-the-Loop Simulation of a Decentralized Controller for Local Energy Communities

“…The recent attention on local energy communities (LECs) is favored by the implementation of decentralized controls. In these setups, energy users and producers agree to manage energy resources via local energy markets (LEMs) [1,[4][5][6]. LEMs will enable prosumers and energy communities to trade energy, thanks to the peer-to-peer (P2P) technology, and to participate in external markets, providing energy and flexibility to the local distribution system operator (DSO) or even the transmission system operator (TSO).…”

“…This is from the system operator's point of view, which can be seen as a controllable load, which has to be optimally coordinated. A large number of studies and initiatives about the use of a blockchain in the energy sector are published [6,[27][28][29][30][31][32][33], and the blockchain is seen as particularly promising in the area of P2P trading and decentralized energy management since, through the blockchain, a large number of self-interested actors can be connected and coordinated. This technology is widely adopted as a market layer, which can be divided into two structures: the P2P market, where traders may conduct direct energy exchange, and the energy community market, where the interest of the group is one of the main goals that each participant would want to reach.…”

“…As a consequence, various decentralized energy community models running entirely on smart contracts are present in the literature [36], paving the path to the establishment of autonomous energy communities. Of particular interest for this paper are the works of Chen et al [6,27,37], which described hybrid on-chain/off-chain market optimization models, which show strong attack resistance. Among them, of extreme interest is [6], in which the market optimization algorithm was used also as the blockchain consensus algorithm by using the proof of solution approach.…”

“…Of particular interest for this paper are the works of Chen et al [6,27,37], which described hybrid on-chain/off-chain market optimization models, which show strong attack resistance. Among them, of extreme interest is [6], in which the market optimization algorithm was used also as the blockchain consensus algorithm by using the proof of solution approach. Nevertheless, the methods proposed by the literature still show scalability issues and are highly dependent on costopportunity considerations.…”