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Research on the Application of Blockchain in Electricity Market

  • Dejun Xiang
  • , Jinghui Wu
  • , Rui Zhou
  • , Hang Sun
  • , Yang Liu*
  • *Corresponding author for this work
  • Ltd.
  • Harbin Institute of Technology

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

In recent years, the rapid development and expansion of electricity trading market has also faced many problems. The development of power trading is restricted by problems such as transaction settlement risk, transaction fraud risk, transaction intention risk and contract traceability risk. The characteristics of blockchain, such as decentralization, non tampering and automatic execution of smart contracts, can solve the problems faced by the power market. Aiming at the problems involved in the power market, analyzes the feasibility of applying blockchain technology to the power market, and puts forward a solution based on blockchain technology.

Original languageEnglish
Title of host publicationProceeding of 2022 International Conference on Wireless Communications, Networking and Applications, WCNA 2022
EditorsZhihong Qian, M.A. Jabbar, Simon K. Cheung, Xiaolong Li
PublisherSpringer Science and Business Media Deutschland GmbH
Pages96-105
Number of pages10
ISBN (Print)9789819939503
DOIs
StatePublished - 2023
Externally publishedYes
EventInternational Conference on Wireless Communications, Networking and Applications (WCNA 2022) - Wuhan, China
Duration: 16 Dec 202218 Dec 2022

Publication series

NameLecture Notes in Electrical Engineering
Volume1059 LNEE
ISSN (Print)1876-1100
ISSN (Electronic)1876-1119

Conference

ConferenceInternational Conference on Wireless Communications, Networking and Applications (WCNA 2022)
Country/TerritoryChina
CityWuhan
Period16/12/2218/12/22

Keywords

  • Blockchain
  • Decentralized
  • Distributed Ledger
  • Electricity Trading

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