Towards a Dependable Energy Market: Proof of Authority in a Blockchain-based Peer-to-Peer

【Author】 Hewett, Joe; Etman, Mark; Marseglia, Robbie; Pickersgill, Tomas Mella; Leeke, Matthew

【Source】2022 IEEE 27TH PACIFIC RIM INTERNATIONAL SYMPOSIUM ON DEPENDABLE COMPUTING (PRDC)

【影响因子】

【Abstract】For reasons of energy security, affordability and environment, the foundations of our energy markets are in flux. A promising approach for addressing some of the challenges faced comes in the form of blockchain-based peer-to-peer (P2P) microgrids, which we argue are a potential solution to many of the pitfalls of existing grid architectures. More specifically, this paper analyses consensus mechanisms that could be employed in blockchain-based microgrids, demonstrating that proof of authority (PoA) is a promising direction when seeking to improve the dependability of the energy market. We go on to specify a viable architecture for a PoA-based microgrid and provide experimental results to demonstrate that PoA is superior to proof of work (PoW) in this context.

【Keywords】Blockchain; Contract; Energy; Microgrid; Smart

【发表时间】2022

【收录时间】2023-05-20

【文献类型】理论模型

【主题类别】

区块链应用-实体经济-能源领域