A Peer-to-Peer Market Algorithm for a Blockchain Platform

Risultato della ricerca: Conference contribution

Abstract

In an era of technological revolution in which everything becomes smarter and connected, the blockchain can introduce a new model for energy transactions able to grant more simplicity, security and transparency for end-users. The blockchain technology is characterized by a distributed architecture without a trusted and centralized authority, and, therefore, it appears as the perfect solutions for managing exchanges between peers. In this paper, a market algorithm that can be easily transferred to a smart contract for maximizing the match between produced and consumed energy in a micro-grid is presented. The algorithm supports energy transactions between peers (both producers and consumers) and could be one of the main executables implemented using a blockchain platform. The case study presented in this paper shows how the end-users through the blockchain could select among the possible energy transactions those more suitable to offer specific ancillary services to the grid operator without involving the grid operator itself or a third-party aggregator.
Lingua originaleEnglish
Titolo della pubblicazione ospiteProceedings - 2020 IEEE International Conference on Environment and Electrical Engineering and 2020 IEEE Industrial and Commercial Power Systems Europe, EEEIC / I and CPS Europe 2020
Pagine1-6
Numero di pagine6
Stato di pubblicazionePublished - 2020

All Science Journal Classification (ASJC) codes

  • Control and Optimization
  • Artificial Intelligence
  • Energy Engineering and Power Technology
  • Renewable Energy, Sustainability and the Environment
  • Electrical and Electronic Engineering
  • Industrial and Manufacturing Engineering
  • Environmental Engineering

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