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Blockchain Energy Trading Abstract

This study explores the integration of blockchain technology in decentralized peer-to-peer renewable energy trading systems to enhance access to clean energy, particularly in underserved areas. A proposed framework utilizes smart meters and Ethereum smart contracts for autonomous energy transactions, demonstrating improved grid efficiency, cost savings, and energy equity in simulations. While blockchain shows promise in transforming localized clean energy economies, challenges such as scalability and token volatility are also identified.

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14 views1 page

Blockchain Energy Trading Abstract

This study explores the integration of blockchain technology in decentralized peer-to-peer renewable energy trading systems to enhance access to clean energy, particularly in underserved areas. A proposed framework utilizes smart meters and Ethereum smart contracts for autonomous energy transactions, demonstrating improved grid efficiency, cost savings, and energy equity in simulations. While blockchain shows promise in transforming localized clean energy economies, challenges such as scalability and token volatility are also identified.

Uploaded by

vimal007.x
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

Abstract – “Decentralized Peer-to-Peer Renewable Energy Trading Using

Blockchain: Design, Simulation, and Impact Evaluation Toward


Sustainable Energy Access”

As global efforts intensify toward achieving Sustainable Development Goal 7—


ensuring access to affordable, reliable, and clean energy—traditional centralized
energy distribution models reveal critical limitations, particularly in rural and
underserved regions. These models often suffer from high transmission losses,
limited inclusivity, lack of real-time transparency, and dependency on
intermediaries. This study investigates the effectiveness of integrating blockchain
technology into peer-to-peer (P2P) renewable energy trading systems within local
microgrids, with the central question: To what extent is blockchain helpful in
enabling secure, transparent, and efficient energy exchange?

A blockchain-based energy trading framework is proposed, wherein smart meters


record energy production and consumption, and trades are autonomously executed
through Ethereum smart contracts using tokenized energy credits (e.g., SolarCoins).
The system facilitates direct energy transactions between prosumers and
consumers without requiring a central authority. To evaluate blockchain’s role, the
model is implemented in a simulated environment and assessed against key metrics
such as grid efficiency, cost savings, transaction integrity, and energy equity.

Simulation results demonstrate that blockchain significantly reduces transaction


friction, enhances trust among decentralized actors, and promotes inclusive energy
access, especially in areas where central grid reliability is poor. However, the study
also explores the limitations of blockchain integration, including scalability
challenges, smart meter reliability, and token volatility. Ultimately, this research
concludes that blockchain provides a structurally transformative tool for localized
clean energy economies, particularly when combined with regulatory support and
digital infrastructure.

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