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TRANSAX: A Blockchain-based Decentralized Forward-Trading Energy Exchange for Transactive Microgrids [article]

Aron Laszka, Scott Eisele, Abhishek Dubey, Gabor Karsai, Karla Kvaternik
2019 arXiv   pre-print
Prompted by the increasing complexity of power systems, decentralized IoT solutions are emerging, which arrange local communities into transactive microgrids.  ...  In this paper, we develop a rigorous solution for transactive microgrids that addresses all three challenges by providing an innovative combination of MILP solvers, smart contracts, and publish-subscribe  ...  CONCLUSIONS AND DISCUSSIONS We described a decentralized platform for implementing energy exchange mechanisms in a microgrid setting.  ... 
arXiv:1902.00844v1 fatcat:3ych5jx275ejrmgvekkzlhnh5i

Safe and Private Forward-Trading Platform for Transactive Microgrids [article]

Scott Eisele and Taha Eghtesad and Keegan Campanelli and Prakhar Agrawal and Aron Laszka and Abhishek Dubey
2019 arXiv   pre-print
In this paper, we introduce TRANSAX, a novel decentralized platform for transactive microgrids.  ...  Transactive microgrids have emerged as a transformative solution for the problems faced by distribution system operators due to an increase in the use of distributed energy resources and rapid growth in  ...  CONCLUSIONS In this paper, we described TRANSAX, a decentralized platform for implementing energy exchange mechanisms in a microgrid setting.  ... 
arXiv:1910.12579v1 fatcat:t7rllah5nradfeas7tzyyl2uwq

The Role of Blockchains in Multi-Stakeholder Transactive Energy Systems

Scott Eisele, Aron Laszka, Douglas C. Schmidt, Abhishek Dubey
2020 Frontiers in Blockchain  
We implement our solution as a decentralized trading platform built on blockchain technology and smart contracts.  ...  ., satisfaction of line capacity constraints), preserves privacy, and promotes local trade and market efficiency for transactive energy systems.  ...  “Transax: a blockchain-based decentralized forward-trading energy exchanged for transactive microgrids,” in 2018 IEEE 24th International Conference on Parallel and Distributed Systems (ICPADS) (Singapore  ... 
doi:10.3389/fbloc.2020.593471 fatcat:2i5iawjkefaarllb767jzoe6ca

Blockchain based decentralized local energy flexibility market

Claudia Antal, Tudor Cioara, Marcel Antal, Vlad Mihailescu, Dan Mitrea, Ionut Anghel, Ioan Salomie, Giuseppe Raveduto, Massimo Bertoncini, Vincenzo Croce, Tommaso Bragatto, Federico Carere (+1 others)
2021 Energy Reports  
For matching the flexibility bids and offers, a solution based on a greedy heuristic and a bipartite graph is proposed for minimizing the number of flexibility transactions and reducing the blockchain-associated  ...  In this paper, we propose a blockchain-based decentralized energy flexibility market enabling small-scale prosumers to trade in a peer-to-peer fashion their flexibility in terms of load modulation concerning  ...  TRANSAX, a blockchain-based decentralized energy market that uses smart contracts implemented in the VeriSolid framework is proposed in Eisele et al. (2020) .  ... 
doi:10.1016/j.egyr.2021.08.118 fatcat:6h3pliirnjhfpnlc23rozboe7u

Transactive Energy: State-of-the-art in Control Strategies, Architectures, and Simulators

Adeiza J. Onumanyi, Sherrin J. Isaac, Carel P. Kruger, Adnan M. Abu-Mahfouz.
2021 IEEE Access  
a balanced ecosystem for fair economic transaction between prosumers.  ...  The concept of transactive energy (TE) in smart grid systems is gaining increased research attention for its potential to optimize distributed energy resources, improve system reliability, as well as provide  ...  An important extension to RIAPS is the TRANSAX software platform built for studying blockchain-based decentralized energy exchanges in TE MGs [74] .  ... 
doi:10.1109/access.2021.3115154 fatcat:mxvinkq2djgwzdr2nqxxasbdmm

Smart Contract Development from the Perspective of Developers: Topics and Issues Discussed on Social Media [article]

Afiya Ayman, Shanto Roy, Amin Alipour, Aron Laszka
2020 arXiv   pre-print
Blockchain-based platforms are emerging as a transformative technology that can provide reliability, integrity, and auditability without trusted entities.  ...  A number of research efforts have investigated the technological challenges that these developers face, introducing a variety of tools, languages, and frameworks for smart-contract development, focusing  ...  Laszka, A., Eisele, S., Dubey, A., Karsai, G., Kvaternik, K.: TRANSAX: A blockchain-based decentralized forward-trading energy exchange for transactive microgrids.  ... 
arXiv:1905.08833v2 fatcat:r2enpuxykzgndcf74ci2fr4uoq

VeriSolid: Correct-by-Design Smart Contracts for Ethereum [article]

Anastasia Mavridou, Aron Laszka, Emmanouela Stachtiari, Abhishek Dubey
2019 arXiv   pre-print
To this end, we introduce the VeriSolid framework for the formal verification of contracts that are specified using a transition-system based model with rigorous operational semantics.  ...  The adoption of blockchain based distributed ledgers is growing fast due to their ability to provide reliability, integrity, and auditability without trusted entities.  ...  Laszka, A., Eisele, S., Dubey, A., Karsai, G.: TRANSAX: A blockchain-based decentralized forward-trading energy exchange for transactive microgrids.  ... 
arXiv:1901.01292v2 fatcat:srlzl6oo7fbz3g7midtsitcpwu