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Author:

Mu, Chenggang (Mu, Chenggang.) | Ding, Tao (Ding, Tao.) (Scholars:丁涛) | Dong, Jiangbin (Dong, Jiangbin.) | Ning, Ke'er (Ning, Ke'er.) | Dong, Xiaobo (Dong, Xiaobo.) | He, Yuankang (He, Yuankang.) | Wang, Yongqing (Wang, Yongqing.) | Chen, Tian'en (Chen, Tian'en.) | Liu, Jian (Liu, Jian.) | Shahidehpour, Mohammad (Shahidehpour, Mohammad.)

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Abstract:

The traditional centralized trading model in the energy field is affected by its centralized processing method. There are many problems such as high maintenance costs and inability to guarantee openness and transparency, which restrict the willingness of trading entities to enter the market. To this end, this paper proposed and developed a weakly centralized multi-energy trading system. First, from the blockchain, a distributed, tamper-resistant decentralized technology, based on the Ethereum platform, the placing energy trading mechanism was written into smart contracts. The administrator role could add or delete energy types that allow transactions, and users could initiate real-time transactions and information. Inquiry, a transaction matching model based on the market supply and demand relationship for smart contracts was discussed. Next, the contract was deployed in the Ethereum private chain, and the ether.js interface was used to interact with the client to realize the visualization of smart contracts and satisfy user transactions with the query requirements, while the user information was stored in the database, the administrator realized the management of energy and users without interference in the transaction process. Finally, the reliability and profitability of the platform's functions were verified according to a calculation example. This weakly centralized energy trading system provided a new model and solution for the application of blockchain technology in the energy field. © 2021 Chin. Soc. for Elec. Eng.

Keyword:

Blockchain Ethereum Fintech Peer to peer networks Power markets Query processing

Author Community:

  • [ 1 ] [Mu, Chenggang]State Key Lab of Electrical Insulation and Power Equipment, School of Electrical Engineering, Xi'an Jiaotong University, Xi'an; 710049, China
  • [ 2 ] [Ding, Tao]State Key Lab of Electrical Insulation and Power Equipment, School of Electrical Engineering, Xi'an Jiaotong University, Xi'an; 710049, China
  • [ 3 ] [Dong, Jiangbin]State Key Lab of Electrical Insulation and Power Equipment, School of Electrical Engineering, Xi'an Jiaotong University, Xi'an; 710049, China
  • [ 4 ] [Ning, Ke'er]State Key Lab of Electrical Insulation and Power Equipment, School of Electrical Engineering, Xi'an Jiaotong University, Xi'an; 710049, China
  • [ 5 ] [Dong, Xiaobo]State Key Lab of Electrical Insulation and Power Equipment, School of Electrical Engineering, Xi'an Jiaotong University, Xi'an; 710049, China
  • [ 6 ] [He, Yuankang]Northwest Branch of State Grid Corporation of China, Xi'an; 710048, China
  • [ 7 ] [Wang, Yongqing]Electric Power Research Institute of Shaanxi Electric Power Company, Xi'an; 710046, China
  • [ 8 ] [Chen, Tian'en]Northwest Branch of State Grid Corporation of China, Xi'an; 710048, China
  • [ 9 ] [Liu, Jian]Electric Power Research Institute of Shaanxi Electric Power Company, Xi'an; 710046, China
  • [ 10 ] [Shahidehpour, Mohammad]Illinois Institute of Technology, Chicago; IL; 60616, United States

Reprint Author's Address:

  • 丁涛

    [Ding, Tao]State Key Lab of Electrical Insulation and Power Equipment, School of Electrical Engineering, Xi'an Jiaotong University, Xi'an; 710049, China;;

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Source :

Proceedings of the Chinese Society of Electrical Engineering

ISSN: 0258-8013

Year: 2021

Issue: 3

Volume: 41

Page: 878-889

Cited Count:

WoS CC Cited Count: 0

SCOPUS Cited Count: 35

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 11

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