Demonstrating Blockchain-Enabled Peer-to-Peer Energy Trading and Sharing

Abstract

Blockchain (BC) is becoming a key technology in securing future businesses and economic competition around the world. It is seen as an enabler for trust and security in the growing sharing economy. In this study, we demonstrate the application of BC to energy peer-to-peer (P2P) trading in smart grid. A smart contract for managing trust and transactions is designed and implemented for a use case in energy P2P trading on IBM platform using hyperledger composer. In addition, current challenges that could be faced when implementing BC for securing energy P2P trading are investigated and discussed.