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 proceedingConference Proceedingpeer-review

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 languageEnglish
Title of host publicationIET Conference Proceedings
PublisherInstitution of Engineering and Technology
Pages605-609
Number of pages5
Volume2021
Edition5
ISBN (Electronic)9781839534300, 9781839535048, 9781839535741, 9781839535918, 9781839536045, 9781839536052, 9781839536069, 9781839536199, 9781839536366, 9781839536588, 9781839536793, 9781839536809, 9781839536816, 9781839536847, 9781839537035
DOIs
Publication statusPublished - 2021
Event10th Renewable Power Generation Conference, RPG 2021 - Virtual, Online
Duration: 14 Oct 202115 Oct 2021

Conference

Conference10th Renewable Power Generation Conference, RPG 2021
CityVirtual, Online
Period14/10/2115/10/21

Keywords

  • BLOCK CHAIN
  • ENERGY MARKET
  • SMART GRID
  • SUSTAINABLE ENERGY
  • TRANSACTION MECHANISM

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