Blockchain-based distributed power transaction mechanism considering credit management
The market-oriented transaction of distributed energy resources is regarded as an important way to solve the problem of local distributed energy consumption and improve the operation economy and security of the distribution network. However, the market for distributed power transactions in China is...
| Main Authors: | , , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2022-08-01
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| Series: | Energy Reports |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2352484722004887 |
| _version_ | 1828404742057885696 |
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| author | Weitao Tan Lei Li Ziqiang Zhou Yong Yan Tianhan Zhang Zhi Zhang Zhenzhi Lin Li Yang |
| author_facet | Weitao Tan Lei Li Ziqiang Zhou Yong Yan Tianhan Zhang Zhi Zhang Zhenzhi Lin Li Yang |
| author_sort | Weitao Tan |
| collection | DOAJ |
| description | The market-oriented transaction of distributed energy resources is regarded as an important way to solve the problem of local distributed energy consumption and improve the operation economy and security of the distribution network. However, the market for distributed power transactions in China is still in the early stage, and there is a lack of effective and reliable transaction mechanisms for standardizing users’ credit behaviors. Therefore, a blockchain-based distributed power transaction mechanism considering credit management is proposed. First, the framework of the distributed power transaction based on blockchain is constructed. On this basis, the process of distributed power transaction considering credit management is designed, which can manage users’ credit behaviors comprehensively from the aspects of market access, bidding mechanism, and trading settlement. Then, the smart contract of distributed power transactions is customized. The effectiveness of the proposed mechanism is illustrated by the simulation results on the platform of Remix IDE. |
| first_indexed | 2024-12-10T10:41:02Z |
| format | Article |
| id | doaj.art-a3980e9164274e65806099b55b580d69 |
| institution | Directory Open Access Journal |
| issn | 2352-4847 |
| language | English |
| last_indexed | 2024-12-10T10:41:02Z |
| publishDate | 2022-08-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Reports |
| spelling | doaj.art-a3980e9164274e65806099b55b580d692022-12-22T01:52:19ZengElsevierEnergy Reports2352-48472022-08-018565572Blockchain-based distributed power transaction mechanism considering credit managementWeitao Tan0Lei Li1Ziqiang Zhou2Yong Yan3Tianhan Zhang4Zhi Zhang5Zhenzhi Lin6Li Yang7School of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaState Grid Zhejiang Electric Power Co., Ltd., Hangzhou 310007, ChinaZhejiang Power Integrated Services Company, State Grid Zhejiang Electric Power Co., Ltd., Hangzhou 310000, ChinaState Grid Zhejiang Electric Power Research Institute, Hangzhou, 310014, ChinaSchool of Electrical Engineering, Zhejiang University, Hangzhou 310027, China; Corresponding author.School of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaSchool of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaSchool of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaThe market-oriented transaction of distributed energy resources is regarded as an important way to solve the problem of local distributed energy consumption and improve the operation economy and security of the distribution network. However, the market for distributed power transactions in China is still in the early stage, and there is a lack of effective and reliable transaction mechanisms for standardizing users’ credit behaviors. Therefore, a blockchain-based distributed power transaction mechanism considering credit management is proposed. First, the framework of the distributed power transaction based on blockchain is constructed. On this basis, the process of distributed power transaction considering credit management is designed, which can manage users’ credit behaviors comprehensively from the aspects of market access, bidding mechanism, and trading settlement. Then, the smart contract of distributed power transactions is customized. The effectiveness of the proposed mechanism is illustrated by the simulation results on the platform of Remix IDE.http://www.sciencedirect.com/science/article/pii/S2352484722004887Distributed power transactionBlockchainSmart contractCredit management |
| spellingShingle | Weitao Tan Lei Li Ziqiang Zhou Yong Yan Tianhan Zhang Zhi Zhang Zhenzhi Lin Li Yang Blockchain-based distributed power transaction mechanism considering credit management Energy Reports Distributed power transaction Blockchain Smart contract Credit management |
| title | Blockchain-based distributed power transaction mechanism considering credit management |
| title_full | Blockchain-based distributed power transaction mechanism considering credit management |
| title_fullStr | Blockchain-based distributed power transaction mechanism considering credit management |
| title_full_unstemmed | Blockchain-based distributed power transaction mechanism considering credit management |
| title_short | Blockchain-based distributed power transaction mechanism considering credit management |
| title_sort | blockchain based distributed power transaction mechanism considering credit management |
| topic | Distributed power transaction Blockchain Smart contract Credit management |
| url | http://www.sciencedirect.com/science/article/pii/S2352484722004887 |
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