Cyberphysical Blockchain-Enabled Peer-to-Peer Energy Trading

01/03/2020
by   Faizan Ali, et al.
0

Scalability and security problems of the centralized architecture models in cyberphysical systems have great potential to be solved by novel blockchain based distributed models.A decentralized energy trading system takes advantage of various sources and effectively coordinates the energy to ensure optimal utilization of the available resources. It achieves that goal by managing physical, social and business infrastructures using technologies such as Internet of Things (IoT), cloud computing and network systems. Addressing the importance of blockchain-enabled energy trading in the context of cyberphysical systems, this article provides a thorough overview of the P2P energy trading and the utilization of blockchain to enhance the efficiency and the overall performance including the degree of decentralization, scalability and the security of the systems. Three blockchain based energy trading models have been proposed to overcome the technical challenges and market barriers for better adoption of this disruptive technology.

READ FULL TEXT
research
01/03/2020

Peer-to-Peer Blockchain based Energy Trading

Energy trading is evolved by the availability ofdistributed energy resou...
research
04/18/2020

Data Model, Collection and Evaluation Framework for Local Energy Systems

Distributed ledgers are a new type of database technology that allows op...
research
07/14/2020

Multi-Utility Market: Framework for a Blockchain Exchange Platform for Sustainable Development

Water and other resources are becoming scarcer every day, and developing...
research
11/28/2018

Blockchain Enabled Data Marketplace - Design and Challenges

Data is of unprecedented importance today. The most valuable companies o...
research
10/11/2018

On the applicability of distributed ledger architectures to peer-to-peer energy trading framework

As more and more distributed renewable energy resources are integrated t...
research
07/16/2021

A Literature Review on Blockchain-enabled Security and Operation of Cyber-Physical Systems

Blockchain has become a key technology in a plethora of application doma...
research
02/04/2021

Optimizing Blockchain Based Smart Grid Auctions: A Green Revolution

Integrating blockchain with energy trading is a new paradigm for researc...

Please sign up or login with your details

Forgot password? Click here to reset