Practical Insights to Design a Blockchain-Based Energy Trading Platform

Today, the development of decentralized energy management systems has accelerated due to the daily growth of renewable energy technologies and communications infrastructure. At the distribution system level, this approach has manifested itself with the emergence of the local energy market. In fact,...

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Autores principales:	Vahid Hosseinnezhad, Barry Hayes, Brian O'regan, Pierluigi Siano
Formato:	article
Lenguaje:	EN
Publicado:	IEEE 2021
Materias:	Local market P2P energy market transactive management platform blockchain IoT Electrical engineering. Electronics. Nuclear engineering TK1-9971
Acceso en línea:	https://doaj.org/article/b4e3ec550a04451bb724a9774ea62eb8
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id	oai:doaj.org-article:b4e3ec550a04451bb724a9774ea62eb8
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spelling	oai:doaj.org-article:b4e3ec550a04451bb724a9774ea62eb82021-11-25T00:00:27ZPractical Insights to Design a Blockchain-Based Energy Trading Platform2169-353610.1109/ACCESS.2021.3127890https://doaj.org/article/b4e3ec550a04451bb724a9774ea62eb82021-01-01T00:00:00Zhttps://ieeexplore.ieee.org/document/9614118/https://doaj.org/toc/2169-3536Today, the development of decentralized energy management systems has accelerated due to the daily growth of renewable energy technologies and communications infrastructure. At the distribution system level, this approach has manifested itself with the emergence of the local energy market. In fact, the local energy market is becoming a new operating model to control local generation units. This paper describes the general architecture and elements used to implement a blockchain-based local energy market within a transactive management platform. After an overview of internet of things (IoT) communication technologies and the existing central-authority-based applications, the general structure and elements of peer-to-peer (P2P) networks are reviewed. Next, the concepts of blockchain-based technologies and the required specifications for different building layers are outlined based on the limited relevant literature available. The concepts and requirements are investigated to provide practical insights to design trading platforms.Vahid HosseinnezhadBarry HayesBrian O'reganPierluigi SianoIEEEarticleLocal marketP2P energy markettransactive management platformblockchainIoTElectrical engineering. Electronics. Nuclear engineeringTK1-9971ENIEEE Access, Vol 9, Pp 154827-154844 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Local market P2P energy market transactive management platform blockchain IoT Electrical engineering. Electronics. Nuclear engineering TK1-9971
spellingShingle	Local market P2P energy market transactive management platform blockchain IoT Electrical engineering. Electronics. Nuclear engineering TK1-9971 Vahid Hosseinnezhad Barry Hayes Brian O'regan Pierluigi Siano Practical Insights to Design a Blockchain-Based Energy Trading Platform
description	Today, the development of decentralized energy management systems has accelerated due to the daily growth of renewable energy technologies and communications infrastructure. At the distribution system level, this approach has manifested itself with the emergence of the local energy market. In fact, the local energy market is becoming a new operating model to control local generation units. This paper describes the general architecture and elements used to implement a blockchain-based local energy market within a transactive management platform. After an overview of internet of things (IoT) communication technologies and the existing central-authority-based applications, the general structure and elements of peer-to-peer (P2P) networks are reviewed. Next, the concepts of blockchain-based technologies and the required specifications for different building layers are outlined based on the limited relevant literature available. The concepts and requirements are investigated to provide practical insights to design trading platforms.
format	article
author	Vahid Hosseinnezhad Barry Hayes Brian O'regan Pierluigi Siano
author_facet	Vahid Hosseinnezhad Barry Hayes Brian O'regan Pierluigi Siano
author_sort	Vahid Hosseinnezhad
title	Practical Insights to Design a Blockchain-Based Energy Trading Platform
title_short	Practical Insights to Design a Blockchain-Based Energy Trading Platform
title_full	Practical Insights to Design a Blockchain-Based Energy Trading Platform
title_fullStr	Practical Insights to Design a Blockchain-Based Energy Trading Platform
title_full_unstemmed	Practical Insights to Design a Blockchain-Based Energy Trading Platform
title_sort	practical insights to design a blockchain-based energy trading platform
publisher	IEEE
publishDate	2021
url	https://doaj.org/article/b4e3ec550a04451bb724a9774ea62eb8
work_keys_str_mv	AT vahidhosseinnezhad practicalinsightstodesignablockchainbasedenergytradingplatform AT barryhayes practicalinsightstodesignablockchainbasedenergytradingplatform AT brianoregan practicalinsightstodesignablockchainbasedenergytradingplatform AT pierluigisiano practicalinsightstodesignablockchainbasedenergytradingplatform
_version_	1718414714789167104

Practical Insights to Design a Blockchain-Based Energy Trading Platform

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