# Peer-to-Peer EnergyTrade: A Distributed Private Energy Trading Platform

## TL;DR

This paper presents a blockchain-based energy trading platform that enhances privacy and reduces overheads, demonstrated through a proof-of-concept implementation on Ethereum that outperforms existing solutions.

## Contribution

It introduces a practical implementation of a private blockchain framework for energy trading that improves privacy and efficiency over prior methods.

## Key findings

- SPB incurs lower overheads and costs.
- The implementation demonstrates applicability for energy trading.
- Performance benchmarks show improvements over state-of-the-art.

## Abstract

Blockchain is increasingly being used as a distributed, anonymous, trustless framework for energy trading in smart grids. However, most of the existing solutions suffer from reliance on Trusted Third Parties (TTP), lack of privacy, and traffic and processing overheads. In our previous work, we have proposed a Secure Private Blockchain-based framework (SPB) for energy trading to address the aforementioned challenges. In this paper, we present a proof-on-concept implementation of SPB on the Ethereum private network to demonstrates SPB's applicability for energy trading. We benchmark SPB's performance against the relevant state-of-the-art. The implementation results demonstrate that SPB incurs lower overheads and monetary cost for end users to trade energy compared to existing solutions.