Abstract
Technological advancements are leading to new frontiers in power grid operation, monitoring, control, and commercialization. The conventional notion of unidirectional power flow from centralized generating stations to probable consumers through unidirectional distribution systems is now changing with the active participation of consumers as prosumers and distributed energy resources. In order to maintain security, privacy and avoid double-spending while performing energy trading through online mechanisms a strong and reliable mode of energy transaction platform is required. Blockchain technology has proven as a stable and reliable platform for maintaining the distributed ledger that could be utilized for hosting and managing the energy transactions of the grid. In this paper, a blockchain-based energy trading mechanism in presence of internet of things has been proposed and the impact of employing blockchain technology on the aggregated load profile and available distribution capability of the ADN has been performed in Modified IEEE 123 bus distribution feeder.
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