Cryptocurrency as guarantees of origin: Simulating a green certificate market with the Ethereum Blockchain

Castellanos, J. Alejandro F.; Coll-Mayor, D.; Notholt, J.A.

doi:10.1109/sege.2017.8052827

Cited by 82 publications

(50 citation statements)

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“…Besides, the nodes in the blockchain are anonymous, which makes other nodes more secure to confirm transactions [5]. Through continuous exploration, scholars have found that blockchain technology has the characteristics of decentralization and tamper-resistant, which can reduce the operation cost of microgrid market, it can ensure the security of microgrid transaction and make the transaction process of microgrid market more transparent [19][20][21]. In [19], seven components based on blockchain technology were introduced, and an efficient energy market framework for microgrid was developed.…”

Section: Introductionmentioning

confidence: 99%

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Consortium Blockchain-Based Microgrid Market Transaction Research

Zhao

Yao

et al. 2019

Energies

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The microgrid trading market can effectively solve the problem of in-situ consumption of distributed energy and reduce the impact of distributed generation (DG) on the grid. However, the traditional microgrid trading model has some shortcomings, such as high operation cost and poor security. Therefore, in this paper, a microgrid market trading model was developed using consortium blockchain technology and Nash game equilibrium theory. Firstly, blockchain container is used to authenticate the users who want to participate in the transaction. Then, the pricing system collects and integrates transaction requests submitted by users, then formulates transaction pricing strategy of microgrid using Nash equilibrium theory. Finally, the price, trading volume, and user information are submitted to the blockchain container for transaction matching to achieve the transaction. After the transaction is completed, its related information is recorded in the hyperledger and the dispatch system is called. The scene simulation was implemented on Fabric 1.1 platform and the results analyzed. Results show that the trading model proposed in this paper greatly reduces the cost of electricity purchase and improves the benefits of electricity sales. Besides, the model is far more capable of handling transactions than the models based on Bitcoin and Ethereum.

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Section: Introductionmentioning

confidence: 99%

“…Then, the Brooklyn microgrid project was evaluated based on the required components. In [21], an information flow trading model using blockchain was developed. At the same time, ant colony optimization algorithm was improved by improving pheromone concentration and adjusting parameters to solve the trading model of the microgrid group.…”

Section: Introductionmentioning

confidence: 99%

Consortium Blockchain-Based Microgrid Market Transaction Research

Zhao

Yao

et al. 2019

Energies

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“…The blockchain technology could drastically change several industries and shows potential in several fields [19]. Taking a cursory look at existing literature, we identify the blockchain technology as a viable option [4] [16]. In this paper, we look at what has been done with regards to blockchain technology and implementations of smart grids and supply chain management systems, and how the literature has developed over time.…”

Section: Introductionmentioning

confidence: 99%

Blockchain and Sustainability: A Systematic Mapping Study

Lund

Jaccheri

et al. 2019

2019 IEEE/ACM 2nd International Workshop on Emerging Trends in Software Engineering for Blockchain (WETSEB)

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Sustainability is a topic of increasing interest. The United Nations has released a list of 17 goals for sustainable development for the global community. Blockchain is a recent technological innovation that shows great promise in changing industries. In this paper, we look specifically at smart grids and supply chain management systems as areas where sustainable technological innovation can happen. To identify software engineering aspects of blockchain in smart grids and supply chain management, we start upon online libraries focusing on engineering and information technology, and we opted for the methodology of systematic mapping studies in software engineering. The search strategy identified 535 papers, of which 60 were identified as main studies for our mapping. To the best of the authors' knowledge, no previous similar studies exist. Results of the study show that the research connecting blockchain technology to smart grids and supply chain management systems is still young. None of the techniques or systems have yet been implemented in a real life setting. As such, more work has to be done before we can look at the actual implications of putting such technologies into use. Software engineering practices could prove to be very useful in the process of development. We propose that future studies can focus on bringing the technologies closer to real life implementations, as well as how to involve the end users in the development of the blockchain-based systems.

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“…The keys of the success of the cryptocurrency bitcoin, [5][6][7][8][9] were the following: (a) avoid a duplicated transaction using a hash-cash Adam back system 10 to tag the transactions, (b) the usage of Merkle method 11 to optimize the hash, and (c) the blockchain technology. [12][13][14][15][16][17][18][19][20] All the above, based on mathematical sciences as probability, complex systems and stability theory. [21][22][23][24] The power of blockchain has burst, and it is important to remark that the real business and power is not in the bitcoin itself, but it is in the blockchain technology itself.…”

Section: Introductionmentioning

confidence: 99%

An IoT Expert System Shell in Block-Chain Technology with ELM as Inference Engine

Carreño

Aguilar

Pacheco

et al. 2019

Int. J. Info. Tech. Dec. Mak.

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Knowledge society blockchain is one of the most powerful and recent tools to make the internet environment safer and reliable. Manufacturing has traditionally been dominated by standard designs that are mass-produced, due to the fact, that custom production causes additional costs that make it less affordable than mass production. This paper proposes to develop a designer expert system for IoT installation layout designs, using blockchain distributed system based on a machine learning, with users entering data to the expert system by a smart bot software. This expert system will work using extreme learning machine as inference engine; therefore, this is a shell to develop any expert system with fast learning. The whole system is represented by a smart contract with a value linked to the value of the expert system, the more this expert system be quoted on the web, the more the shares of the smart contract will cost.

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Cryptocurrency as guarantees of origin: Simulating a green certificate market with the Ethereum Blockchain

Cited by 82 publications

References 0 publications

Consortium Blockchain-Based Microgrid Market Transaction Research

Consortium Blockchain-Based Microgrid Market Transaction Research

Blockchain and Sustainability: A Systematic Mapping Study

An IoT Expert System Shell in Block-Chain Technology with ELM as Inference Engine

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