Blockchain Architectures for P2P Energy Trading Between Neighbors

Lee, Beom Suk; Song, Jae; Moon, Sung Jun; Park, In Hwan; Jang, Ji-Woong

doi:10.1109/ictc46691.2019.8939856

Cited by 6 publications

(6 citation statements)

References 2 publications

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“…Blockchain-based Smart grid management Pop et al, 2018;Alladi et al, 2019;Cioara et al, 2020;Badra and Borghol, 2021;Chikezie et al, 2021;Samy et al, 2021 Peer-to-peer energy trading Lee et al, 2019;Pee et al, 2019;Seven et al, 2020;Thakur and Breslin, 2020;Chikezie et al, 2021;Niloy et al, 2021 IoT-based Trading in Industrial IoT Lin et al, 2017;Hou et al, 2019;Li et al, 2020b;Zhu et al, 2022 Trading in general IoT Ku et al, 2017;Verma and Prakash, 2019;Nguyen et al, 2020Nguyen et al, , 2021Salvi et al, 2020;Kaushik and Bagga, 2021;Nadeem et al, 2021 Blockchain and IoT based Utilizing both technologies Sanju et al, 2018;Hou et al, 2019;Baig et al, 2020;Li et al, 2020b Implementation platforms Ethereum Sanju et al, 2018;Lee et al, 2019;Baig et al, 2020;Li et al, 2020b;Seven et al, 2020;Chikezie et al, 2021 Hyperledger fabric Sanju et al, 2018;Ali et al, 2020b;Syed et al, 2020Smart, Micro, Mini Grid Ku et al, 2017Pop et al, 2018;Cioara et al, 2020;Salvi et al, 2020;…”

Section: Recent Researchmentioning

confidence: 99%

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A survey on peer-to-peer energy trading for local communities: Challenges, applications, and enabling technologies

Nadeem

2022

Front. Comput. Sci.

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Electricity is still a highly demanding resource in developing countries, especifically in rural areas. Local communities in developing countries are now focusing on generating their own electricity using solar and trading the energy which is in access to the supplier. Energy trading at the peer-to-peer level is a novel paradigm. It allows customers to contribute energy to the grid and power generation and supply companies. In this paper, we investigate the energy trading enabling technologies, their applications, challenges, and benefits to the local communities from various aspects. We analyse how blockchain and IoT technologies can help energy trading at the customer level from recent research proposals. We also present our analysis of recent research on the implementation of energy trading technologies and future directions.

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Section: Recent Researchmentioning

confidence: 99%

“…Lee et al (2019) have proposed software architecture for blockchain-based P2P trading systems between neighbors. The proposed software architecture consists of two smart contracts.…”

mentioning

confidence: 99%

A survey on peer-to-peer energy trading for local communities: Challenges, applications, and enabling technologies

Nadeem

2022

Front. Comput. Sci.

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“…However, centralization suffers from some disadvantages, such as: lack of privacy, single point of failure, and server attacks. To solve this problem, (Lee et al, 2019) uses blockchain technology to set up a P2P energy trading system between neighbors. When a negotiation is achieved, a smart contract performs the pairing between prosumer and consumer to execute the payment process.…”

Section: Goal #6 -Clean Water Scarcity and Sanitationmentioning

confidence: 99%

Blockchain technologies to address smart city and society challenges

Mora

Mendoza-Tello

Varela-Guzmán

et al. 2021

Computers in Human Behavior

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“…B.S. Lee et al proposed a platform based on Ethereum for the creation of a relationship between consumers and prosumers through smart contracts [32]. A scheme with energy routers is also being implemented, where in each microgrid there is an energy router that is a node of blockchain which is operated by the blockchain-based multi-factor electricity transaction match mechanism.…”

Section: Blockchain Technologymentioning

confidence: 99%

“…The proposal we present in Section 4 has these last two points in line [41]. Another consensus mechanism, the Hyperledger Fabric, uses byzantine fault tolerance (BFT) consensus, which is suitable for enterprises and private networks and guarantees added control over transactions, better performance and scalability [32].…”

Section: Blockchain Implementationmentioning

confidence: 99%

Blockchain and Internet of Things for Electrical Energy Decentralization: A Review and System Architecture

Casquiço¹,

Mataloto²,

Ferreira³

et al. 2021

Energies

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The decentralization in the electrical power grids has gained increasing importance, especially in the last two decades, since transmission system operators (TSO), distribution system operators (DSO) and consumers are more aware of energy efficiency and energy sustainability issues. Therefore, globally, due to the introduction of energy production technologies near the consumers, in residential and industrial sectors, new scenarios of distributed energy resources (DER) are emerging. In order to guarantee an adequate power management in the electrical power grids, incorporating producers, consumers and producers-consumers (prosumers) together, it is important to adopt intelligent systems and platforms that allow the provision of information on energy consumption and production in real time, as well as for obtaining a fair price for the sale and purchase of energy. In this paper, we analyze the literature to identify the appropriate solutions to implement a decentralized electrical power grid based on sensors, blockchain and smart contracts, evaluating the current state of the art and pilot projects already in place. We also discuss a proposal for a power grid model, with renewable energy production, combining Internet of Things, blockchain and smart contracts.

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Blockchain Architectures for P2P Energy Trading Between Neighbors

Cited by 6 publications

References 2 publications

A survey on peer-to-peer energy trading for local communities: Challenges, applications, and enabling technologies

A survey on peer-to-peer energy trading for local communities: Challenges, applications, and enabling technologies

Blockchain technologies to address smart city and society challenges

Blockchain and Internet of Things for Electrical Energy Decentralization: A Review and System Architecture

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