Development of blockchain-based platform for vehicle-vehicle, vehicle-grid and grid-vehicle energy trading
This is a final year report that utilises the advantages of blockchain the peer-to-peer (P2P) trading system. With the rising concern of environmental issues such as air pollution by inter combustion engines (ICEs), researchers are seeking alternative ways to resolve these issues. Electric veh...
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
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Nanyang Technological University
2021
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| Online Access: | https://hdl.handle.net/10356/148954 |
| _version_ | 1824454299326873600 |
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| author | Tan, Edmund Yong Kian |
| author2 | Gooi Hoay Beng |
| author_facet | Gooi Hoay Beng Tan, Edmund Yong Kian |
| author_sort | Tan, Edmund Yong Kian |
| collection | NTU |
| description | This is a final year report that utilises the advantages of blockchain the peer-to-peer (P2P)
trading system. With the rising concern of environmental issues such as air pollution by inter
combustion engines (ICEs), researchers are seeking alternative ways to resolve these issues.
Electric vehicles (EVs) may be a possible solution as government are aiming to phase out all
ICEs by the year 2040.
As EVs are becoming popular for the advantages it can bring to the society, it can also be
treated as a battery energy storage systems (BESSs), charging during the non-peak period and
discharge the energy during the peak period allow prosumers to earn profit through electricity
trading. This can never be done without a platform or software to support this P2P trading
system.
Using the P2P energy trading concept and a blockchain platform such as Ethereum, it can
benefit prosumers as the main advantage of Ethereum is that it has smart contract which allows
transaction to be done automatically. This allows prosumers to participate in the energy trading
market allowing them to trade electricity among other prosumers.
Thus, this project aims to utilise the P2P trading model and create a blockchain based platform
using Ethereum to simulate the payment of transaction to other blockchain account to purchase
electricity from or to other prosumers allowing the future of electricity trading between EVs or
the grid becomes feasible. |
| first_indexed | 2025-02-19T03:20:06Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/148954 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2025-02-19T03:20:06Z |
| publishDate | 2021 |
| publisher | Nanyang Technological University |
| record_format | dspace |
| spelling | ntu-10356/1489542023-07-07T17:02:47Z Development of blockchain-based platform for vehicle-vehicle, vehicle-grid and grid-vehicle energy trading Tan, Edmund Yong Kian Gooi Hoay Beng School of Electrical and Electronic Engineering Clean Energy Research Laboratory (CERL) Shadab Murshid EHBGOOI@ntu.edu.sg Engineering::Electrical and electronic engineering::Electric power This is a final year report that utilises the advantages of blockchain the peer-to-peer (P2P) trading system. With the rising concern of environmental issues such as air pollution by inter combustion engines (ICEs), researchers are seeking alternative ways to resolve these issues. Electric vehicles (EVs) may be a possible solution as government are aiming to phase out all ICEs by the year 2040. As EVs are becoming popular for the advantages it can bring to the society, it can also be treated as a battery energy storage systems (BESSs), charging during the non-peak period and discharge the energy during the peak period allow prosumers to earn profit through electricity trading. This can never be done without a platform or software to support this P2P trading system. Using the P2P energy trading concept and a blockchain platform such as Ethereum, it can benefit prosumers as the main advantage of Ethereum is that it has smart contract which allows transaction to be done automatically. This allows prosumers to participate in the energy trading market allowing them to trade electricity among other prosumers. Thus, this project aims to utilise the P2P trading model and create a blockchain based platform using Ethereum to simulate the payment of transaction to other blockchain account to purchase electricity from or to other prosumers allowing the future of electricity trading between EVs or the grid becomes feasible. Bachelor of Engineering (Electrical and Electronic Engineering) 2021-05-21T06:53:31Z 2021-05-21T06:53:31Z 2021 Final Year Project (FYP) Tan, E. Y. K. (2021). Development of blockchain-based platform for vehicle-vehicle, vehicle-grid and grid-vehicle energy trading. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/148954 https://hdl.handle.net/10356/148954 en A1053-201 application/pdf Nanyang Technological University |
| spellingShingle | Engineering::Electrical and electronic engineering::Electric power Tan, Edmund Yong Kian Development of blockchain-based platform for vehicle-vehicle, vehicle-grid and grid-vehicle energy trading |
| title | Development of blockchain-based platform for vehicle-vehicle, vehicle-grid and grid-vehicle energy trading |
| title_full | Development of blockchain-based platform for vehicle-vehicle, vehicle-grid and grid-vehicle energy trading |
| title_fullStr | Development of blockchain-based platform for vehicle-vehicle, vehicle-grid and grid-vehicle energy trading |
| title_full_unstemmed | Development of blockchain-based platform for vehicle-vehicle, vehicle-grid and grid-vehicle energy trading |
| title_short | Development of blockchain-based platform for vehicle-vehicle, vehicle-grid and grid-vehicle energy trading |
| title_sort | development of blockchain based platform for vehicle vehicle vehicle grid and grid vehicle energy trading |
| topic | Engineering::Electrical and electronic engineering::Electric power |
| url | https://hdl.handle.net/10356/148954 |
| work_keys_str_mv | AT tanedmundyongkian developmentofblockchainbasedplatformforvehiclevehiclevehiclegridandgridvehicleenergytrading |