Peer-to-Peer Energy Trading in Smart Grid Through Blockchain: A Double Auction-Based Game Theoretic Approach

Doan, Hien Thanh; Cho, Jeongho; Kim, Daehee

doi:10.1109/access.2021.3068730

Cited by 104 publications

(42 citation statements)

References 59 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The case study shows that the scheme can help centralize the power system to reduce the total demand of users during peak hours. Doan et al [56] proposed a smart electric P2P energy trading system based on the game theory and blockchain technology, which does not need to disclose private information such as the bid from each user, request, energy quantity, and user behavior. The proposed scheme is applied to a microgrid case with 10 consumers, and the security of the system is verified.…”

Section: Application Of the Blockchain Technology In The Energy Marketmentioning

confidence: 99%

Applications of Blockchain Technology in Modern Power Systems: A Brief Survey

2022

View full text Add to dashboard Cite

In the context of modern power system development to support the evolution towards green energy and carbon-neutral emission goals, many existing problems and even challenges demand new technical solutions. In recent years, decentralized blockchain technology has been employed to address some problems in power systems, and many papers have been published. In this paper, the concept of blockchain is first introduced. A brief survey of the existing publications regarding the applications of blockchain in power systems, including power system dispatching, microgrid operation, energy trading, electricity trading settlement, transmission, and distribution system operation, is then carried out. In addition, several application scenarios of blockchain technology in power systems are also introduced. Through the discussion, we found that we still need to weigh the advantages and disadvantages, overcome its leakage, and bring its value into play if we apply blockchain technology in modern power systems in support of zero carbon goals.

show abstract

Section: Application Of the Blockchain Technology In The Energy Marketmentioning

confidence: 99%

Applications of Blockchain Technology in Modern Power Systems: A Brief Survey

2022

View full text Add to dashboard Cite

show abstract

“…It outperforms the traditional mechanisms to maintain the profit of overall network and social welfare and also maximizing the sellers' fund. Doan et al [161] proposed a double auction mechanism for energy trading scheme in the smart grid. They have used the blockchain technology and maximizes the profit of all participants who are participated in the network and to achieve social welfare.…”

Section: Blockchain-based Energy Tradingmentioning

confidence: 99%

A Survey on Energy Trading in the Smart Grid: Taxonomy, Research Challenges and Solutions

et al. 2021

View full text Add to dashboard Cite

The smart grid is generally studied as an efficient and powerful electric grid. With the assistance of information and communication technology (ICT), the electric grid can increase the performance of the power grid system with smart energy management. On the other hand, with the usage of renewable energy resources (RERs), smart energy storage, and new transmission technologies in the power grid system, various new features such as real-time monitoring, fast restoration, battery displays, automated outage management, etc. have been assimilated into the smart grid. These new features generate more complexity in energy transmission and constitute important challenges like low energy consumption, high energy cost, social welfare, etc. while designing energy trading mechanisms in the smart grid. In the Internet-of-Things (IoT) era, several scenarios such as micro-grids, energy harvesting networks, and vehicle-to-grid (V2G) networks are present where energy trading plays an important role. However, in these scenarios, there are energy transmission and distribution, security and privacy, energy consumption, system reliability, the criticality of data delivery, and a few more challenges caused by distrust, non-transparent, and uncertain energy markets. Motivated from these challenges, we present a four-layered architecture of energy trading used in the smart grid. We propose a comprehensive background regarding the main concepts of energy trading and the implication of enabling technologies that manage the energy imbalances in the smart grid. Then, we present a problem taxonomy based on incentive, mathematical, and simulation modeldriven approaches, which are widely used to control and maintain the energy trading mechanisms. Based on the findings from the literature, we also present a solution taxonomy with enabling technologies such as Energy Internet, Software-defined networking (SDN), and blockchain. In the end, a summary of future research directions based on the energy trading mechanisms is explored to provide deep insights to the readers.

show abstract

“…Based on the strategic diagram and the thematic evolution map, Table IX proposes five future research directions for Blockchain, and we provide readers with some reference directions. •Energy transaction in Blockchain-based smart grid [153] Privacy preserving Consider starting with some new algorithms to research privacy issues in the Blockchain field. For example:…”

Section: E Future Research Directionsmentioning

confidence: 99%

Bibliometric Analysis of the Blockchain Scientific Evolution: 2014–2020

Luo

Bai

2021

IEEE Access

View full text Add to dashboard Cite

As one of the disruptive technologies in the fourth industrial revolution, Blockchain has irrevocably changed how people live and work. Many scholars have studied the Blockchain, and the number of related publications has increased over time. Bibliometrics is an excellent method to study the development trend of a specific field. However, few scholars have used bibliometrics to research Blockchain; the inheritance and evolution among its different research themes have not yet been fully understood. This study emphasizes the scientific evolution and research focus of Blockchain through bibliometric analysis. We analyzed 2993 publications from 2014 to 2020 using co-word analysis and cluster analysis with bibliometric tools such as the SciMAT. The most productive author, country, institutions and leading research areas were identified, outlining the Blockchain field's fundamental developments. The results show the changes in keywords regarding Blockchain summarize the research hotspots in different periods. The study discusses the evolution process of various themes in each period, providing a meaningful reference for scholars to identify research hotspots and future research directions in the Blockchain field.

show abstract

Peer-to-Peer Energy Trading in Smart Grid Through Blockchain: A Double Auction-Based Game Theoretic Approach

Cited by 104 publications

References 59 publications

Applications of Blockchain Technology in Modern Power Systems: A Brief Survey

Applications of Blockchain Technology in Modern Power Systems: A Brief Survey

A Survey on Energy Trading in the Smart Grid: Taxonomy, Research Challenges and Solutions

Bibliometric Analysis of the Blockchain Scientific Evolution: 2014–2020

Contact Info

Product

Resources

About