Towards a blockchain-based peer-to-peer energy marketplace

  1. Yeray Mezquita 1
  2. Ana Belén Gil-González 1
  3. Ángel Martín del Rey 2
  4. Javier Prieto 1
  5. Juan Manuel Corchado 1
  1. 1 BISITE Research Group, University of Salamanca, 37007 Salamanca, Spain
  2. 2 Department of Applied Mathematics, Institute of Fundamental Physics and Mathematics, University of Salamanca, 37008 Salamanca, Spain
Book:
Artificial intelligence in the energy industry
  1. Ana Belén Gil-González (ed. lit.)

Publisher: MDPI

ISBN: 978-3-0365-4606-3 978-3-0365-4605-6

Year of publication: 2022

Pages: 115-134

Type: Book chapter

Abstract

Blockchain technology is used as a distributed ledger to store and secure data and performtransactions between entities in smart grids. This paper proposes a platform based on blockchaintechnology and the multi-agent system paradigm to allow for the creation of an automated peer-topeer electricity market in micro-grids. The use of a permissioned blockchain network has multiplebenefits as it reduces transaction costs and enables micro-transactions. Moreover, an improvementin security is obtained, eliminating the single point of failure in the control and management ofthe platform along with creating the possibility to trace back the actions of the participants and amechanism of identification. Furthermore, it provides the opportunity to create a decentralized anddemocratic energy market while complying with the current legislation and regulations on userprivacy and data protection by incorporating Zero-Knowledge Proof protocols and ring signatures.