Blockchain based Secure Energy Marketplace Scheme to Motivate Peer to Peer Microgrids
Muhammad Awais, Qamar Abbas, Shehbaz Tariq, Sayyaf Haider Warraich

TL;DR
This paper introduces a blockchain-based decentralized energy marketplace scheme for microgrids, enhancing security and efficiency by enabling peer-to-peer energy trading with smart contracts and a secure execution environment.
Contribution
It proposes a novel blockchain-enabled marketplace with an added security layer for secure, decentralized energy transactions in microgrids, addressing operational and security challenges.
Findings
Enhanced security with shielded execution environment.
Facilitated peer-to-peer energy trading.
Reduced reliance on third-party energy providers.
Abstract
In the past years trend of microgrids is increasing very fast to reduce peak-hour costs. However, in these systems, third parties are still involved in selling surplus energy. This results in increased cost of energy and there are many operational and security barriers in such systems. These issues can be solved by the decentralized distributed system of microgrids where a consumer can locally sell their surplus energy to another consumer. To deploy such a system, one must consider security barriers for the transaction of energy. This paper proposes a solution to these problems by devising a scheme as a marketplace where users interact with each other to buy and sell energy at better rates and get energy-generating resources on lease so that users do not have to worry about capital investment. Agreement between owner of resources and consumer is recorded on blockchain based smart…
Peer Reviews
No public reviews on file for this paper yet. If you reviewed it on a platform where reviews are public (OpenReview, ICLR, NeurIPS, ICML), you can paste yours below so the community can read it here.
Videos
No videos yet. Explain this paper in a talk, walkthrough, or lecture? Add one.
Taxonomy
TopicsBlockchain Technology Applications and Security · Caching and Content Delivery · Smart Grid Energy Management
