Energy Blockchain Research Articles

Simulation and analysis of user-side transaction technology for energy blockchain considering multi-chain structure

Blockchain advantages, such as decentralised tamper-proof and smart contracts, are naturally suitable for the trading needs of energy internet, dealing with the problems of low efficiency, waste of resources, privacy leakage, etc. In this paper, an energy trading method is proposed based on blockchain expansion technology. The lightning network is used to expand the blockchain trading process, and divides the transaction into on-chain trading and off-chain trading; and the chain structure of the energy blockchain is expanded using a multi-chain architecture, and the blockchain is divided into an account blockchain and a transaction blockchain. A case study is carried out, in this research work, in combination with multiple energy trading scenarios in the energy local area network (LAN). The results show that the proposed method possesses a significant performance of improving the efficiency of energy trading and reducing the complexity of trading information.

Simulation and analysis of user-side transaction technology for energy blockchain considering multi-chain structure

Blockchain advantages, such as decentralised tamper-proof and smart contracts, are naturally suitable for the trading needs of energy internet, dealing with the problems of low efficiency, waste of resources, privacy leakage, etc. In this paper, an energy trading method is proposed based on blockchain expansion technology. The lightning network is used to expand the blockchain trading process, and divides the transaction into on-chain trading and off-chain trading; and the chain structure of the energy blockchain is expanded using a multi-chain architecture, and the blockchain is divided into an account blockchain and a transaction blockchain. A case study is carried out, in this research work, in combination with multiple energy trading scenarios in the energy local area network (LAN). The results show that the proposed method possesses a significant performance of improving the efficiency of energy trading and reducing the complexity of trading information.

Research on Key Technologies and Applications of Energy Internet Blockchain

In view of the challenges facing the current development of energy Internet, the basic theory, architecture implementation and application mode of energy blockchain technology are proposed from the communication layer, data layer and contract layer. In this paper, we analyze the value distribution mode of blockchain in energy internet, integrate business form, information system, Internet of Things and blockchain, and build secure and autonomous peer-to-peer energy Internet environment based on blockchain. The key technologies are constructed from the network layer, system layer and business layer. The problems of network layer equipment and data access authentication, secure and trusted sharing are solved. The system layer blockchain-based power payment, power settlement, power audit and other business support capabilities are improved. The system enhances the security and credibility of business, and drives the future global energy Internet development.

Establishing a Secure, Transparent, and Autonomous Blockchain of Custody for Renewable Energy Credits and Carbon Credits

To facilitate the widespread adoption of clean energy, we must devise practical economic incentives to deploy clean energy assets while reducing barriers to access that clean energy. While renewable energy credits and carbon offset credits successfully push these goals forward, the associated accounting and management systems still suffer from numerous flaws that drive costs up and slow the monetization of clean energy assets. Blockchain technology has emerged as a promising solution that can provide a secure and transparent distributed ledger, while autonomously executing transactions upon fulfillment of pre-defined criteria (“smart contracts”). As a result, credits can be easily tracked from generation through ownership trades to ultimate redemption. This leaves a simple audit trail, significantly reducing the associated time and cost, and enables producers to monetize their credits immediately after generation. Clean Energy Blockchain Network (CEBN) has recently announced a partnership with the Silicon valley power, where we will apply blockchain technology to simplify their participation in the low carbon fuel standard (LCFS) program. This real-world deployment will demonstrate how blockchain technology can dramatically simplify extremely complex trading environments and enable the practical implementation of valuable programs such as LCFS that financially incentivize clean energy production and use.

A Technical Approach to the Energy Blockchain in Microgrids

The present paper considers some technical issues related to the “energy blockchain” paradigm applied to microgrids. In particular, what appears from the study is that the superposition of energy transactions in a microgrid creates a variation of the power losses in all the branches of the microgrid. Traditional power losses allocation in distribution systems takes into account only generators while, in this paper, a real-time attribution of power losses to each transaction involving one generator and one load node is done by defining some suitable indices. Besides, the presence of P–V nodes increases the level of reactive flows and provides a more complex technical perspective. For this reason, reactive power generation for voltage support at P–V nodes poses a further problem of reactive power flow exchange, which is worth of investigation in future works in order to define a possible way of remuneration. The experimental section of the paper considers a medium voltage microgrid and two different operational scenarios.

Distributed Energy Transaction Pattern and Block Chain Based Architecture Design

Along with the market reform, marketization transaction of distributed energy will have very broad prospects in the future. Block chain technology is known as "the second generation of internet technology", it has features of decentralized, open and transparent, safe and reliable, which can well meet demand of transaction environment of distributed energy. This paper first analyzes future distributed energy transaction patterns and their transaction participants, electricity transaction mean, capital settlement relationship and so on. Secondly, the block chain technology is introduced to reconstruct distributed energy transaction environment, and a kind of block chain technology based distributed energy transaction architecture is proposed. Then new changes are described for introducing of block chain technology in the field of intelligent power purchase contracts, decentralized real-time transactions, automatic trust mechanism, etc. Finally conclusion is given.

Consortium Blockchain for Secure Energy Trading in Industrial Internet of Things

In industrial Internet of things (IIoT), peer-to-peer (P2P) energy trading ubiquitously takes place in various scenarios, e.g., microgrids, energy harvesting networks, and vehicle-to-grid networks. However, there are common security and privacy challenges caused by untrusted and nontransparent energy markets in these scenarios. To address the security challenges, we exploit the consortium blockchain technology to propose a secure energy trading system named energy blockchain. This energy blockchain can be widely used in general scenarios of P2P energy trading getting rid of a trusted intermediary. Besides, to reduce the transaction limitation resulted from transaction confirmation delays on the energy blockchain, we propose a credit-based payment scheme to support fast and frequent energy trading. An optimal pricing strategy using Stackelberg game for credit-based loans is also proposed. Security analysis and numerical results based on a real dataset illustrate that the proposed energy blockchain and credit-based payment scheme are secure and efficient in IIoT.