A Sustainable Energy-Tailored Transaction Mechanism for Smart Grids Based on Block Chains

Haodong Feng; Justin Lee Shaffer; Lei Yu; Rui Xu; Yuqing Chen; Xinye Ma

doi:10.1049/icp.2021.2380

A Sustainable Energy-Tailored Transaction Mechanism for Smart Grids Based on Block Chains

Haodong Feng, Justin Lee Shaffer, Lei Yu, Rui Xu, Yuqing Chen^*, Xinye Ma

^*Corresponding author for this work

Research output: Chapter in Book or Report/Conference proceeding › Conference Proceeding › peer-review

1 Citation (Scopus)

Abstract

Developing and implementing sustainable energy is a method to solve energy challenges and eliminate the environmental issues associated with them. It will become the leading source of energy within decades, replacing conventional fossil energy, as many forms of sustainable energy generation coincide nicely with the concept of smart grids. Thus, research of a feasible transaction mechanism for sustainable power generation is necessary. Combining block chain technology and sustainable energy in a smart grid can be a feasible way to manage and utilize sustainable power. In this article, the characteristics and infrastructure of the block chain and state-of-the-art smart grid framework are analyzed, with a sustainable distributed energy transaction mechanism based on block chains presented, designed to achieve the functions of trading, management, and security.

Original language	English
Title of host publication	IET Conference Proceedings
Publisher	Institution of Engineering and Technology
Pages	605-609
Number of pages	5
Volume	2021
Edition	5
ISBN (Electronic)	9781839534300, 9781839535048, 9781839535741, 9781839535918, 9781839536045, 9781839536052, 9781839536069, 9781839536199, 9781839536366, 9781839536588, 9781839536793, 9781839536809, 9781839536816, 9781839536847, 9781839537035
DOIs	https://doi.org/10.1049/icp.2021.2380
Publication status	Published - 2021
Event	10th Renewable Power Generation Conference, RPG 2021 - Virtual, Online Duration: 14 Oct 2021 → 15 Oct 2021

Conference

Conference	10th Renewable Power Generation Conference, RPG 2021
City	Virtual, Online
Period	14/10/21 → 15/10/21

Keywords

BLOCK CHAIN
ENERGY MARKET
SMART GRID
SUSTAINABLE ENERGY
TRANSACTION MECHANISM

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1049/icp.2021.2380

Cite this

@inproceedings{ac3ba1b53b6b4f65ad27b25d21ccf71b,

title = "A Sustainable Energy-Tailored Transaction Mechanism for Smart Grids Based on Block Chains",

abstract = "Developing and implementing sustainable energy is a method to solve energy challenges and eliminate the environmental issues associated with them. It will become the leading source of energy within decades, replacing conventional fossil energy, as many forms of sustainable energy generation coincide nicely with the concept of smart grids. Thus, research of a feasible transaction mechanism for sustainable power generation is necessary. Combining block chain technology and sustainable energy in a smart grid can be a feasible way to manage and utilize sustainable power. In this article, the characteristics and infrastructure of the block chain and state-of-the-art smart grid framework are analyzed, with a sustainable distributed energy transaction mechanism based on block chains presented, designed to achieve the functions of trading, management, and security.",

keywords = "BLOCK CHAIN, ENERGY MARKET, SMART GRID, SUSTAINABLE ENERGY, TRANSACTION MECHANISM",

author = "Haodong Feng and Shaffer, {Justin Lee} and Lei Yu and Rui Xu and Yuqing Chen and Xinye Ma",

note = "Publisher Copyright: {\textcopyright} The Institution of Engineering and Technology.; 10th Renewable Power Generation Conference, RPG 2021 ; Conference date: 14-10-2021 Through 15-10-2021",

year = "2021",

doi = "10.1049/icp.2021.2380",

language = "English",

volume = "2021",

pages = "605--609",

booktitle = "IET Conference Proceedings",

publisher = "Institution of Engineering and Technology",

edition = "5",

}

Feng, H, Shaffer, JL, Yu, L, Xu, R, Chen, Y & Ma, X 2021, A Sustainable Energy-Tailored Transaction Mechanism for Smart Grids Based on Block Chains. in IET Conference Proceedings. 5 edn, vol. 2021, Institution of Engineering and Technology, pp. 605-609, 10th Renewable Power Generation Conference, RPG 2021, Virtual, Online, 14/10/21. https://doi.org/10.1049/icp.2021.2380

TY - GEN

T1 - A Sustainable Energy-Tailored Transaction Mechanism for Smart Grids Based on Block Chains

AU - Feng, Haodong

AU - Shaffer, Justin Lee

AU - Yu, Lei

AU - Xu, Rui

AU - Chen, Yuqing

AU - Ma, Xinye

N1 - Publisher Copyright: © The Institution of Engineering and Technology.

PY - 2021

Y1 - 2021

N2 - Developing and implementing sustainable energy is a method to solve energy challenges and eliminate the environmental issues associated with them. It will become the leading source of energy within decades, replacing conventional fossil energy, as many forms of sustainable energy generation coincide nicely with the concept of smart grids. Thus, research of a feasible transaction mechanism for sustainable power generation is necessary. Combining block chain technology and sustainable energy in a smart grid can be a feasible way to manage and utilize sustainable power. In this article, the characteristics and infrastructure of the block chain and state-of-the-art smart grid framework are analyzed, with a sustainable distributed energy transaction mechanism based on block chains presented, designed to achieve the functions of trading, management, and security.

AB - Developing and implementing sustainable energy is a method to solve energy challenges and eliminate the environmental issues associated with them. It will become the leading source of energy within decades, replacing conventional fossil energy, as many forms of sustainable energy generation coincide nicely with the concept of smart grids. Thus, research of a feasible transaction mechanism for sustainable power generation is necessary. Combining block chain technology and sustainable energy in a smart grid can be a feasible way to manage and utilize sustainable power. In this article, the characteristics and infrastructure of the block chain and state-of-the-art smart grid framework are analyzed, with a sustainable distributed energy transaction mechanism based on block chains presented, designed to achieve the functions of trading, management, and security.

KW - BLOCK CHAIN

KW - ENERGY MARKET

KW - SMART GRID

KW - SUSTAINABLE ENERGY

KW - TRANSACTION MECHANISM

UR - http://www.scopus.com/inward/record.url?scp=85174649562&partnerID=8YFLogxK

U2 - 10.1049/icp.2021.2380

DO - 10.1049/icp.2021.2380

M3 - Conference Proceeding

AN - SCOPUS:85174649562

VL - 2021

SP - 605

EP - 609

BT - IET Conference Proceedings

PB - Institution of Engineering and Technology

T2 - 10th Renewable Power Generation Conference, RPG 2021

Y2 - 14 October 2021 through 15 October 2021

ER -

A Sustainable Energy-Tailored Transaction Mechanism for Smart Grids Based on Block Chains

Abstract

Conference

Keywords

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this