Real-Time Bidding Model of Cryptocurrency Energy Trading Platform

Blockchain technology provides a comprehensive solution to user access and energy trading for distributed energy Internet. Achieving market-based pricing, increasing the earnings of energy suppliers, attracting foreign capital and facilitating the upgrade of solar and wind energy are pressing issues...

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Autores principales: Yue Wu, Junxiang Li, Jin Gao
Formato: article
Lenguaje:EN
Publicado: MDPI AG 2021
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Acceso en línea:https://doaj.org/article/2bf10743483745589a6a38b5f72b0a1b
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spelling oai:doaj.org-article:2bf10743483745589a6a38b5f72b0a1b2021-11-11T15:59:04ZReal-Time Bidding Model of Cryptocurrency Energy Trading Platform10.3390/en142172161996-1073https://doaj.org/article/2bf10743483745589a6a38b5f72b0a1b2021-11-01T00:00:00Zhttps://www.mdpi.com/1996-1073/14/21/7216https://doaj.org/toc/1996-1073Blockchain technology provides a comprehensive solution to user access and energy trading for distributed energy Internet. Achieving market-based pricing, increasing the earnings of energy suppliers, attracting foreign capital and facilitating the upgrade of solar and wind energy are pressing issues. Drawing on the practices of centralised exchanges and blockchain cryptocurrency, the author designed the Cryptocurrency Energy Trading Platform (CETP), dividing the permissioned blockchain into the Energy Blockchain Platform (EBP) and the Energy Cryptocurrency Exchange (ECE). The frequently used real-time bidding scenario and the seldom-used power-using scenario are separated from each other. A market welfare model for real-time bidding is established and verified. With Energy Blockchain Cryptocurrency (EBC) as the trading medium, the platform allows external bidders to get involved in the bidding and transactions, which not only attracts the social capital to be used in the development of energy Internet but also helps stabilise the energy market prices, thus, advancing the energy Internet.Yue WuJunxiang LiJin GaoMDPI AGarticleblockchaincryptocurrencyenergy tradingreal-time pricingTechnologyTENEnergies, Vol 14, Iss 7216, p 7216 (2021)
institution DOAJ
collection DOAJ
language EN
topic blockchain
cryptocurrency
energy trading
real-time pricing
Technology
T
spellingShingle blockchain
cryptocurrency
energy trading
real-time pricing
Technology
T
Yue Wu
Junxiang Li
Jin Gao
Real-Time Bidding Model of Cryptocurrency Energy Trading Platform
description Blockchain technology provides a comprehensive solution to user access and energy trading for distributed energy Internet. Achieving market-based pricing, increasing the earnings of energy suppliers, attracting foreign capital and facilitating the upgrade of solar and wind energy are pressing issues. Drawing on the practices of centralised exchanges and blockchain cryptocurrency, the author designed the Cryptocurrency Energy Trading Platform (CETP), dividing the permissioned blockchain into the Energy Blockchain Platform (EBP) and the Energy Cryptocurrency Exchange (ECE). The frequently used real-time bidding scenario and the seldom-used power-using scenario are separated from each other. A market welfare model for real-time bidding is established and verified. With Energy Blockchain Cryptocurrency (EBC) as the trading medium, the platform allows external bidders to get involved in the bidding and transactions, which not only attracts the social capital to be used in the development of energy Internet but also helps stabilise the energy market prices, thus, advancing the energy Internet.
format article
author Yue Wu
Junxiang Li
Jin Gao
author_facet Yue Wu
Junxiang Li
Jin Gao
author_sort Yue Wu
title Real-Time Bidding Model of Cryptocurrency Energy Trading Platform
title_short Real-Time Bidding Model of Cryptocurrency Energy Trading Platform
title_full Real-Time Bidding Model of Cryptocurrency Energy Trading Platform
title_fullStr Real-Time Bidding Model of Cryptocurrency Energy Trading Platform
title_full_unstemmed Real-Time Bidding Model of Cryptocurrency Energy Trading Platform
title_sort real-time bidding model of cryptocurrency energy trading platform
publisher MDPI AG
publishDate 2021
url https://doaj.org/article/2bf10743483745589a6a38b5f72b0a1b
work_keys_str_mv AT yuewu realtimebiddingmodelofcryptocurrencyenergytradingplatform
AT junxiangli realtimebiddingmodelofcryptocurrencyenergytradingplatform
AT jingao realtimebiddingmodelofcryptocurrencyenergytradingplatform
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