Abstract
AbstractBlockchain can be considered as a very successful technique that can simplify the metering and billing systems for Peer-to-Peer (P2P) energy trading. Blockchain decentralised ledger technology’s promising features indicate its feasibility to meet the prevailing challenges to current power structures, as we review in the Open Digital Innovation Hub (ODIH). This study examines the Blockchain technology, smart contracts, the application of P2P energy trading from hardware, software, regulatory perspectives within ODIH, a self-sustaining smart home project. We show promising results in terms of the future potential of decentralised structures offered by Blockchain technology, which includes a reliable and transparent trading infrastructure for P2P energy trade. In ODIH, we presented our proposed business architecture design and implementation results for Smart Home System based on the Ethereum Blockchain. We implemented a smart contract using Solidity language to handle and record the transactions between the homeowners and Ethereum miners. ODIH shows that the integration of Blockchain technology in the hybrid P2P electricity market has a positive impact.
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