Simulated blockchain-enabled peer-to-peer energy trading in marketplace

Saheed Lekan Gbadamosi; Nnamdi I. Nwulu

doi:10.15199/48.2024.05.38

Simulated blockchain-enabled peer-to-peer energy trading in marketplace

Saheed Lekan Gbadamosi, Nnamdi I. Nwulu

Electrical and Electronic Engineering Science

Research output: Contribution to journal › Article › peer-review

Abstract

This study examines the use of Ethereum-based smart contracts to facilitate peer-to-peer energy trading in decentralized marketplaces. Energy traders submit bids and offers to smart contracts, which oversee the transaction process. Additionally, another smart contract helps energy merchants source energy from prosumers to meet their supply obligations. This research validates the efficiency of smart contracts in managing transactions within decentralized energy sources using a real-world electricity market scenario.

Original language	English
Pages (from-to)	205-210
Number of pages	6
Journal	Przeglad Elektrotechniczny
Volume	5
DOIs	https://doi.org/10.15199/48.2024.05.38
Publication status	Published - 2024

Keywords

Blockchain
decentralized
electricity marketplace
peer-to-peer energy trading

ASJC Scopus subject areas

Electrical and Electronic Engineering

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10.15199/48.2024.05.38

Cite this

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abstract = "This study examines the use of Ethereum-based smart contracts to facilitate peer-to-peer energy trading in decentralized marketplaces. Energy traders submit bids and offers to smart contracts, which oversee the transaction process. Additionally, another smart contract helps energy merchants source energy from prosumers to meet their supply obligations. This research validates the efficiency of smart contracts in managing transactions within decentralized energy sources using a real-world electricity market scenario.",

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AB - This study examines the use of Ethereum-based smart contracts to facilitate peer-to-peer energy trading in decentralized marketplaces. Energy traders submit bids and offers to smart contracts, which oversee the transaction process. Additionally, another smart contract helps energy merchants source energy from prosumers to meet their supply obligations. This research validates the efficiency of smart contracts in managing transactions within decentralized energy sources using a real-world electricity market scenario.

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KW - electricity marketplace

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Simulated blockchain-enabled peer-to-peer energy trading in marketplace

Abstract

Keywords

ASJC Scopus subject areas

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