A credible and adjustable load resource trading system based on blockchain networks

Abstract

In recent years, the residents’ demands for power supply is increasing. The load resource trading system responds to the demands through intelligent scheduling, which can effectively relieve the severe power load pressure. The load resource trading system is a type of nonlinear system because the trading price is adjustable with user’s credit, instead of being linear to the power trading volume. The adjustable load resource trading is faced with the challenges of large demands, strong user autonomy, and secure and tamper-proof transaction data. The blockchain technology has been widely concerned by industrial and academic domains due to its decentralization, strong encryption of account information, and traceability of transaction behaviour. In this paper, we propose a credible and adjustable load resource trading framework based on blockchain, which uses blockchain to achieve credible grid load resource trading. Firstly, we propose a two-layer blockchain architecture based on the alliance chain. The main chain maintains all the data of the system, and the station-area nodes constitute the alliance chain. We design a distributed trading processing mechanism based on hybrid consensus and sharding technologies, which promotes the speed of cross-station transaction consensus. Next, we propose a two-level bidding model, which determines the trading price of load resources based on the maximum benefit of users and the lowest cost of grid companies. The results of extensive experiments shows that our proposed framework can achieve the promising result.