A general form of smart contract for decentralized energy systems management

【Author】 Thomas, Lee; Zhou, Yue; Long, Chao; Wu, Jianzhong; Jenkins, Nick

【Source】NATURE ENERGY

【影响因子】67.439

【Abstract】Smart contract platforms have the potential to allow shared automatic control of energy transfer within networks in a replicable, secure, verifiable and trustworthy way. Here we present a general form of smart contract which captures the elements needed for shared control that will help formalize decentralization. Two mechanisms were defined for agreement of control instructions for a medium-voltage direct-current (MVDC) link connecting two separately operated 33 kV distribution networks. These were instantiated as smart contracts and were evaluated in terms of cost and the computational requirements for their execution. Real network and converter data from the ANGLE-DC demonstration project were used to model the MVDC link. We demonstrate that using smart contracts to agree control instructions between different parties is feasible. The potential for shared control using smart contracts gives operators and regulators a way of defining and decentralizing operating responsibilities within energy systems.

【Keywords】

【发表时间】2019 FEB

【收录时间】2022-01-02

【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