Abstract
Microgrid level operated energy markets have specificities well served rather by autonomous instead of aggregated approaches. Ancillary services and peer-to-peer energy exchange also could be organized at the aggregator level but on each prosumer level using blockchain 3.0 solutions. Blockchain 3.0 provides operational advantages such as reduced transaction costs due to the absence of a trusted authority and the lack of single point of failure but it requires relatively increased computational resources and enhanced measures to safeguard privacy. Existing blockchain implementations include Bitcoin, Ethereum, Hyperledger, Corda, Tendermint, Chain Core, Quorum. Each one of these demonstrates different characteristics and they have better fit to different energy market applications. Blockchain energy markets could be organized on Implementation, System Local and Entities level. This chapter provides the relevant bibliography and analyses Blockchain 3.0 technology giving emphasis to storage and demand management microgrid applications.
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