Peer-to-Peer Energy Market Place Powered by Blockchain and Vehicle-to-Grid Technology

Brousmiche, Kei Leo; Ménégazzi, Pascal; Boudeville, Olivier; Fantino, Eric

doi:10.1109/brains49436.2020.9223276

Cited by 6 publications

(3 citation statements)

References 1 publication

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“…Brousmiche et al (2018) presented an agent-based simulation framework to experiment with blockchain-backed energy market places and perform a sensitivity analysis to assess the impact of parameters on economics and blockchain system performances. Brousmiche et al (2020) looked into the strengths of Ethereum in peer-to-peer energy trading by analyzing a physical demonstrator deployed on Raspberry Pis, autonomous agents simulating the energy consumption and production behavior of four households as well as their buying/selling behavior.…”

Section: Of 21mentioning

confidence: 99%

Blockchain in the Smart City and Its Financial Sustainability from a Stakeholder’s Perspective

Hassani,

Avdiu,

Unger

et al. 2023

JRFM

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In this paper, we take a city’s budget, which represents the resources that need to be allocated, and test how many blockchain users need to join a voting process of how the city’s resources should be allocated in order to best represent their preferences. This voting process can be tracked very well through the utilization of IoT and smart technology in a smart city. Therefore, we showed that the budget resource allocation of a smart city can be significantly optimized through the utilization of blockchain technology. We found that just a tiny fraction of 0.12% of the population of blockchain participants is needed to significantly represent the spending behavior of the total population. This has significant implications as it shows the strength and importance of a required blockchain in a smart city and its minimal energy consumption requirements.

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Section: Of 21mentioning

confidence: 99%

Blockchain in the Smart City and Its Financial Sustainability from a Stakeholder’s Perspective

Hassani,

Avdiu,

Unger

et al. 2023

JRFM

View full text Add to dashboard Cite

show abstract

“…In some previous papers like [25]- [27], comparisons having some similarities are provided, and we have also considered their provided information for comparing these industrial projects. There are a lot of non-industrial projects that also exist for example [28]- [30] but we are not considering those in our survey. We have not considered all the industries in our comparison as too many industries are being established day by day in this market.…”

Section: Comparison Of Peer To Peer Energy Sharing Industriesmentioning

confidence: 99%

Blockchain based secure energy marketplace scheme to motivate P2P microgrids

Awais

Abbas

Shehbaz

et al. 2022

IJ-ICT

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<span lang="EN-GB">In the past years trend of microgrids is increasing very fast to reduce peak-hour costs. However, in these systems, third parties are still involved in selling surplus energy. This results in increased cost of energy and there are many operational and security barriers in such systems. These issues can be solved by the decentralized distributed system of microgrids where a consumer can locally sell their surplus energy to another consumer. To deploy such a system, one must consider security barriers for the transaction of energy. This paper proposes a solution to these problems by devising a scheme as a marketplace where users interact with each other to buy and sell energy at better rates and get energy-generating resources on lease so that users do not have to worry about capital investment. Agreement between owner of resources and consumer is recorded on blockchain based smart contracts. In this paper, a survey is performed for existing well known, decentralized energy solutions. This paper also proposes an extra layer of security to leverage a shielded execution environment so that information of energy generated, utilized, and shared cannot be changed by consumers and third parties even if the system is compromised.</span>

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“…In [19], the application of blockchain technology was not reflected in EV research. From the sharing economy perspective, the work in [20] deployed a smart contract and run on the local Ethereum blockchain based on Raspberry Pie. The automatic agent simulated the energy consumption and production behavior of four families as well as their buying and selling behavior, proved the advantages of V2G vehicles in terms of economic benefits, overall power balance, and renewable energy consumption rate.…”

Section: Introductionmentioning

confidence: 99%

A Trading Mode Based on the Management of Residual Electric Energy in Electric Vehicles

Wang,

Wei,

Wen

et al. 2023

Energies

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Aiming at the distributed resources of electric vehicles with photovoltaics (PVs) on the user side, a trading mode of surplus energy sharing for electric vehicles based on the user-side PVs is proposed by utilizing the bidirectional mobility of information and energy. Power transfer can be implemented between different electric vehicle users through vehicle-to-grid (V2G) technology with a reasonable distribution of benefits taken into account. First, the operational framework of electric energy trading is presented, and the transmission architecture of each body of interest in the system is analyzed. Second, the portraits of EV users’ charging behaviors are established considering their different charging habits, and electric vehicle users are divided into electricity buyers and sellers in each trading time period. An electricity transaction model based on “multi-seller–multi-buyer” is established, and all electricity transactions are realized through blockchain-based decentralized technology. Finally, the benefit to each interest group is maximized using the improved Northern Goshawk Optimization (NGO) algorithm. Simulation results of a sample system indicate that the new power trading mode proposed in this study could lead to reasonable reuse of the electric energy of private electric vehicles and can achieve a win–win situation for all stakeholders.

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Peer-to-Peer Energy Market Place Powered by Blockchain and Vehicle-to-Grid Technology

Cited by 6 publications

References 1 publication

Blockchain in the Smart City and Its Financial Sustainability from a Stakeholder’s Perspective

Blockchain in the Smart City and Its Financial Sustainability from a Stakeholder’s Perspective

Blockchain based secure energy marketplace scheme to motivate P2P microgrids

A Trading Mode Based on the Management of Residual Electric Energy in Electric Vehicles

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