A Low-Cost, Open-Source Peer-to-Peer Energy Trading System for a Remote Community Using the Internet-of-Things, Blockchain, and Hypertext Transfer Protocol

Abstract

A low-cost, open-source peer-to-peer (P2P) energy trading system for a remote community is presented in this paper. As a result of its geographic location, this community has never been able to access electricity and other modern amenities. This study aims to design and implement a P2P energy trading system for this remote community that allows residents to take advantage of distributed energy resources. A Raspberry Pi 4 Model B (Pi4B) hosts the main server of the trading system that includes the user interface and a local Ethereum blockchain server. The Ethereum blockchain is used to deploy smart contracts. The Internet-of-Things (IoT) servers run on ESP32 microcontrollers. Sensors and actuators connected to the ESP32 are field instrumentation devices that facilitate acquiring, monitoring, and transferring energy data in real-time. To perform trading activities, React.JS open-source library was used to develop the blockchain-enabled user interface. An immutable blockchain network keeps track of all transactions. The proposed system runs on a local Wi-Fi network with restricted authorization for system security. Other security measures such as login credentials, private key, firewall, and secret recovery phrases are also considered for information security and data integrity. A Hypertext Transfer Protocol is implemented for communication between the servers and the client. This explains the overall system design, implementation, testing, and results.