Towards a Blockchain-Based Peer-to-Peer Energy Marketplace

Yeray Mezquita, Ana Belén Gil-González, Angel Martín del Rey, Javier Prieto and Juan Manuel Corchado
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Yeray Mezquita: BISITE Research Group, University of Salamanca, 37007 Salamanca, Spain
Ana Belén Gil-González: BISITE Research Group, University of Salamanca, 37007 Salamanca, Spain
Angel Martín del Rey: Department of Applied Mathematics, Institute of Fundamental Physics and Mathematics, University of Salamanca, 37008 Salamanca, Spain
Javier Prieto: BISITE Research Group, University of Salamanca, 37007 Salamanca, Spain
Juan Manuel Corchado: BISITE Research Group, University of Salamanca, 37007 Salamanca, Spain

Energies, 2022, vol. 15, issue 9, 1-20

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

Keywords: blockchain; energy market; multi-agent system; negotiation; distributed ledger technology (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
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