Abstract
Block chain technology is one of the optional technologies for the realization of intelligent power transactions on the residential side, and the specific transaction process is lacking research. Based on the composition of the block chain and its technical characteristics, this paper proposes a typical transaction flow for market participants in the electricity transaction under the environment of the residential side open electricity market based on block chain technology. According to the needs of power trading, the power trading using block chain technology is divided into 7 steps and abstracted separately. Finally, the power transaction based on block chain technology is analyzed, and the transaction process is further explained in combination with the case, which provides a reference for the introduction of new technologies for the design of ubiquitous power internet of things power transactions.
Highlights
Block chain technology is considered to be a technology that lowers the threshold for trading entities to participate in the market
Block chain technology has been proposed as the underlying technology of bitcoin. after more than 10 years of development, its application has long been not limited to the issuance and payment of virtual currency. more, it focuses on the research and development of consensus mechanism, intelligent contract, decentralized data sharing and non-tampering characteristics to achieve value interconnection and distributed intelligent application [5,6].Block chain technology can realize distributed data sharing and intelligent value transfer, which is determined by special data generation, data transmission and data storage mechanism, which can ensure the undifferentiated sharing and non-tampering of data
This paper applies block chain technology to power trading on the power side, proposes a typical process of power trading based on the framework of block chain technology, combines the characteristics of block chain technology and power trading, and designs a general process of power trading based on block chain technology based on the financial application of block chain technology
Summary
Block chain technology is considered to be a technology that lowers the threshold for trading entities to participate in the market. The distributed sharing of current transaction data can be used as an innovative technology to promote the distributed development of the energy industry[1,2]. Literature [3] presents a market mechanism that combines block chain technology to implement user-side distributed power transactions. Literature [4] presents a new model that combines block chain technology to realize power user demand-side resource transactions
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