An Ethereum-based solution for energy trading in smart grids
The need for a flexible, dynamic, and decentralized energy market has rapidly grown in recent years. As a matter of fact, Industry 4.0 and Smart Grids are pursuing a path of automation of operations to insure all the steps among consumers and producers are getting closer. This leads towards solution...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
KeAi Communications Co., Ltd.
2023-02-01
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| Series: | Digital Communications and Networks |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2352864821001012 |
| _version_ | 1811159930842906624 |
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| author | Francesco Buccafurri Gianluca Lax Lorenzo Musarella Antonia Russo |
| author_facet | Francesco Buccafurri Gianluca Lax Lorenzo Musarella Antonia Russo |
| author_sort | Francesco Buccafurri |
| collection | DOAJ |
| description | The need for a flexible, dynamic, and decentralized energy market has rapidly grown in recent years. As a matter of fact, Industry 4.0 and Smart Grids are pursuing a path of automation of operations to insure all the steps among consumers and producers are getting closer. This leads towards solutions that exploit the paradigm of public blockchain, which represents the best platform to design flat and liquid markets for which providing trust and accountability to mutual interactions becomes crucial. On the other hand, one of the risks arising in this situation is that personal information is exposed to the network, with intolerable threats to privacy. In this paper, we propose a solution for energy trading, based on the blockchain Ethereum and Smart Contracts.The solution aims to be a concrete proposal to satisfy the needs of energy trading in smart grids, including the important feature that no information about the identity of the peers of the network is disclosed in advance. |
| first_indexed | 2024-04-10T05:50:09Z |
| format | Article |
| id | doaj.art-dc8918ef09954c3cabfc96b0c377655b |
| institution | Directory Open Access Journal |
| issn | 2352-8648 |
| language | English |
| last_indexed | 2024-04-10T05:50:09Z |
| publishDate | 2023-02-01 |
| publisher | KeAi Communications Co., Ltd. |
| record_format | Article |
| series | Digital Communications and Networks |
| spelling | doaj.art-dc8918ef09954c3cabfc96b0c377655b2023-03-05T04:24:49ZengKeAi Communications Co., Ltd.Digital Communications and Networks2352-86482023-02-0191194202An Ethereum-based solution for energy trading in smart gridsFrancesco Buccafurri0Gianluca Lax1Lorenzo Musarella2Antonia Russo3Corresponding author.; Mediterranea University of Reggio Calabria, DIIES, Reggio Calabria, ItalyMediterranea University of Reggio Calabria, DIIES, Reggio Calabria, ItalyMediterranea University of Reggio Calabria, DIIES, Reggio Calabria, ItalyMediterranea University of Reggio Calabria, DIIES, Reggio Calabria, ItalyThe need for a flexible, dynamic, and decentralized energy market has rapidly grown in recent years. As a matter of fact, Industry 4.0 and Smart Grids are pursuing a path of automation of operations to insure all the steps among consumers and producers are getting closer. This leads towards solutions that exploit the paradigm of public blockchain, which represents the best platform to design flat and liquid markets for which providing trust and accountability to mutual interactions becomes crucial. On the other hand, one of the risks arising in this situation is that personal information is exposed to the network, with intolerable threats to privacy. In this paper, we propose a solution for energy trading, based on the blockchain Ethereum and Smart Contracts.The solution aims to be a concrete proposal to satisfy the needs of energy trading in smart grids, including the important feature that no information about the identity of the peers of the network is disclosed in advance.http://www.sciencedirect.com/science/article/pii/S2352864821001012BlockchainSmart contractAccountabilitySmart energySmart grids |
| spellingShingle | Francesco Buccafurri Gianluca Lax Lorenzo Musarella Antonia Russo An Ethereum-based solution for energy trading in smart grids Digital Communications and Networks Blockchain Smart contract Accountability Smart energy Smart grids |
| title | An Ethereum-based solution for energy trading in smart grids |
| title_full | An Ethereum-based solution for energy trading in smart grids |
| title_fullStr | An Ethereum-based solution for energy trading in smart grids |
| title_full_unstemmed | An Ethereum-based solution for energy trading in smart grids |
| title_short | An Ethereum-based solution for energy trading in smart grids |
| title_sort | ethereum based solution for energy trading in smart grids |
| topic | Blockchain Smart contract Accountability Smart energy Smart grids |
| url | http://www.sciencedirect.com/science/article/pii/S2352864821001012 |
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