Research and Discuss on Market model based on Blockchain
Electric power industry is the foundation of national economy and plays a key role in the development of human society. Traditional power industry is monopolized by industry and lacked of market efficiency. In recent years, it is seeking breakthroughs in the market-oriented reform. Although China’s...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2018-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://doi.org/10.1051/e3sconf/20185703001 |
| _version_ | 1818727393884372992 |
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| author | Cui-hui Yan Fang Liu Chaofan Hu Hui Cui Bin Wang |
| author_facet | Cui-hui Yan Fang Liu Chaofan Hu Hui Cui Bin Wang |
| author_sort | Cui-hui Yan |
| collection | DOAJ |
| description | Electric power industry is the foundation of national economy and plays a key role in the development of human society. Traditional power industry is monopolized by industry and lacked of market efficiency. In recent years, it is seeking breakthroughs in the market-oriented reform. Although China’s electricity market reform has achieved some achievement, it is still lacked of market players, regional transactions, excessive data management, concentration and other defects. This paper puts forward higher requirements for the system design of power market transactions. The electrical power market is facing with the security and performance challenges, it is to improve the electrical power market transaction mode and to enhance transaction security, blockchain is a new decentralized framework and with a distributed computing paradigm, which integrates and innovates a variety of computer technologies, then it constructed a perfect competitive electricity market system. Using of different levels of multi auction trading model to integrate the province’s trading and inter provincial trading parts in one system. In the part of inter-province trading, it adopted the contract trading and bidding coexist pattern, the trade is carried out in each province Surplus-deficit electricity which based on the meet of the province’s demand basis. By using blockchain, it can conducted the intelligent contract and record the whole transaction information discretely, and provided the inquiry transaction channel to the users, so it can achieve the resource scheduling fairness and transaction information in security. |
| first_indexed | 2024-12-17T22:13:24Z |
| format | Article |
| id | doaj.art-3f79895bc17e42219fd3319804da6794 |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-12-17T22:13:24Z |
| publishDate | 2018-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-3f79895bc17e42219fd3319804da67942022-12-21T21:30:41ZengEDP SciencesE3S Web of Conferences2267-12422018-01-01570300110.1051/e3sconf/20185703001e3sconf_icsree2018_03001Research and Discuss on Market model based on BlockchainCui-hui Yan0Fang Liu1Chaofan Hu2Hui Cui3Bin Wang4Power System Automation Department, China Electric Power Research InstitutePower System Automation Department, China Electric Power Research InstituteNational Power Dispatching and Control Center, State Grid Corporation of ChinaPower System Automation Department, China Electric Power Research InstituteNational Power Dispatching and Control Center, State Grid Corporation of ChinaElectric power industry is the foundation of national economy and plays a key role in the development of human society. Traditional power industry is monopolized by industry and lacked of market efficiency. In recent years, it is seeking breakthroughs in the market-oriented reform. Although China’s electricity market reform has achieved some achievement, it is still lacked of market players, regional transactions, excessive data management, concentration and other defects. This paper puts forward higher requirements for the system design of power market transactions. The electrical power market is facing with the security and performance challenges, it is to improve the electrical power market transaction mode and to enhance transaction security, blockchain is a new decentralized framework and with a distributed computing paradigm, which integrates and innovates a variety of computer technologies, then it constructed a perfect competitive electricity market system. Using of different levels of multi auction trading model to integrate the province’s trading and inter provincial trading parts in one system. In the part of inter-province trading, it adopted the contract trading and bidding coexist pattern, the trade is carried out in each province Surplus-deficit electricity which based on the meet of the province’s demand basis. By using blockchain, it can conducted the intelligent contract and record the whole transaction information discretely, and provided the inquiry transaction channel to the users, so it can achieve the resource scheduling fairness and transaction information in security.https://doi.org/10.1051/e3sconf/20185703001 |
| spellingShingle | Cui-hui Yan Fang Liu Chaofan Hu Hui Cui Bin Wang Research and Discuss on Market model based on Blockchain E3S Web of Conferences |
| title | Research and Discuss on Market model based on Blockchain |
| title_full | Research and Discuss on Market model based on Blockchain |
| title_fullStr | Research and Discuss on Market model based on Blockchain |
| title_full_unstemmed | Research and Discuss on Market model based on Blockchain |
| title_short | Research and Discuss on Market model based on Blockchain |
| title_sort | research and discuss on market model based on blockchain |
| url | https://doi.org/10.1051/e3sconf/20185703001 |
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