Blockchain-based renewable energy trading system with smart contract in a small local community
Authors: 
Riseul Ryu, Soonja YeomAuthors Info & Claims
Pages 224 - 230
Abstract
With the high interest in the peer to peer (P2P) energy trading system, blockchain technology has increased attention as a solution to alleviate the current challenges in the centralised energy system. The study set out to discover how blockchain could be used for microgrid while controlling the scalability to encourage peer-to-peer energy trading with the assumption of the average dwelling density at around 20-30 households. The results showed that there is a scalability challenge in the blockchain as the network grows; however, the blockchain technology can be applied in the community which has a similar size with Hobart as there is no significant difference in the execution time up to 100 nodes while accumulating the transactions. Additionally, the study also found mining time, transaction fee and transactions number in the block are also related to the execution time. Therefore, these parameters should be considered to build a scalable blockchain for a microgrid.
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Published In
September 2020
491 pages
ISBN:9781450389259
DOI:10.1145/3426020
Copyright © 2020 ACM.
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Published: 04 November 2021
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SMA 2020
SMA 2020: The 9th International Conference on Smart Media and Applications
September 17 - 19, 2020
Jeju, Republic of Korea
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