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Author:

Zhang, Yutong (Zhang, Yutong.) | Meng, Yuan (Meng, Yuan.) | Tu, Shanshan (Tu, Shanshan.) | Waqas, Muhammad (Waqas, Muhammad.) | Rehman, Sadaqat Ur (Rehman, Sadaqat Ur.) | Zhao, Wei (Zhao, Wei.) | Abbas, Ghulam (Abbas, Ghulam.) | Abbas, Ziaul Haq (Abbas, Ziaul Haq.)

Indexed by:

EI Scopus

Abstract:

The power market is changing with the development of distributed energy. The development of the micro-grid introduces a small power generation system for distributed energy. It has become a trend for the micro-grid to participate in the power market. Blockchain is a database technology with transparent distribution through a decentralization mechanism. In the blockchain, the transaction data are maintained by entire nodes in the power market. It solves the trust problem between the transaction agents. Intelligent contract technology can make transaction contracts computerized and executed automatically, which has dramatically improved transaction efficiency. In this paper, an intelligent contract for the power transaction is analyzed based on the concepts of the blockchain. The roles of the micro-grid and the related intelligent contract technologies in the power market are also investigated in the electricity reform. Finally, a blockchain scheme for point-to-point trading is designed for future purposes. © 2020, Springer Nature Singapore Pte Ltd.

Keyword:

Power markets Small power plants Artificial intelligence Microgrids Electric power transmission networks Fintech Blockchain

Author Community:

  • [ 1 ] [Zhang, Yutong]Beijing Key Laboratory of Trusted Computing, School of Computing, Beijing University of Technology, Beijing; 100124, China
  • [ 2 ] [Meng, Yuan]Beijing Key Laboratory of Trusted Computing, School of Computing, Beijing University of Technology, Beijing; 100124, China
  • [ 3 ] [Tu, Shanshan]Beijing Key Laboratory of Trusted Computing, School of Computing, Beijing University of Technology, Beijing; 100124, China
  • [ 4 ] [Waqas, Muhammad]Beijing Key Laboratory of Trusted Computing, School of Computing, Beijing University of Technology, Beijing; 100124, China
  • [ 5 ] [Waqas, Muhammad]Telecommunications and Networking (TeleCoN) Research Lab, Ghulam Ishaq Khan Institute of Engineering Sciences and Technology, Topi; 23460, Pakistan
  • [ 6 ] [Rehman, Sadaqat Ur]Beijing Key Laboratory of Trusted Computing, School of Computing, Beijing University of Technology, Beijing; 100124, China
  • [ 7 ] [Rehman, Sadaqat Ur]College of Science and Engineering, Hammad Bin Khalifa University, Al Rayyan, Qatar
  • [ 8 ] [Zhao, Wei]Beijing Electro-Mechanical Engineering Institute, Beijing; 100074, China
  • [ 9 ] [Abbas, Ghulam]Telecommunications and Networking (TeleCoN) Research Lab, Ghulam Ishaq Khan Institute of Engineering Sciences and Technology, Topi; 23460, Pakistan
  • [ 10 ] [Abbas, Ziaul Haq]Telecommunications and Networking (TeleCoN) Research Lab, Ghulam Ishaq Khan Institute of Engineering Sciences and Technology, Topi; 23460, Pakistan

Reprint Author's Address:

  • [zhang, yutong]beijing key laboratory of trusted computing, school of computing, beijing university of technology, beijing; 100124, china

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Source :

ISSN: 1865-0929

Year: 2020

Volume: 1252 CCIS

Page: 39-49

Language: English

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 5

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