A Blockchain and Internet of Things Based Architecture Design for Energy Transaction

2020 Journal of system and management sciences  
Recently, the paradigm of the electric power industry has been digitized, focusing on renewable energy. While the transition to energyinformation and communications technologies (ICT) convergence is accelerating, there will be many changes in energy policy in the future. In particular, in terms of energy demand management, self-sustaining decentralization will be centered around the region, and the virtual power plant (in the form of a micro-grid) will be constructed on a regional basis
more » ... g to the activation of distributed energy resources (DERs), including renewable energy. For this, business models such as the electricity trading brokerage market should also be considered. In this paper, we design an energy blockchain transaction structure that combines blockchain and the energy Internet of Things (IoT) in a virtual power plant environment. The system presented in this paper can use web-based software to Fog-enabled transactions with an integrated control system that requires intermediaries and DERs. In addition, it is possible to facilitate the activation of energy brokerage transactions by providing an environment for efficient transactions by collecting vast amounts of advanced metering infrastructure information on a fog server.
doi:10.33168/jsms.2020.0209 fatcat:owqhl7dgzjfzppuczwpmmlypbq