Blockchain based Secure Energy Marketplace Scheme to Motivate Peer to Peer Microgrids

arXiv:2206.07248v3 Announce Type: replace
Abstract: In the past years trend of microgrids is increasing very fast to reduce peak-hour costs. However, in these systems, third parties are still involved in selling surplus energy. This results in increased cost of energy and there are many operational and security barriers in such systems. These issues can be solved by the decentralized distributed system of microgrids where a consumer can locally sell their surplus energy to another consumer. To deploy such a system, …

arxiv barriers blockchain cost cs.cr cs.dc energy fast marketplace operational parties peak results security selling surplus systems third third parties trend