Energy Trading through Blockchain

Authors(3) :-M. Uday, P.Devi Prasad, N. Jagadeesh Sai

Energy Trading through Blockchain is an innovative way to trade solar energy across different places. It enables the owners of solar plants to trade the solar energy that is been produced by their plants in an easy and utmost secure manner using Blockchain technology. The core point of the project is to pay for what is being served. The source and destination stations will be abiding to a smart contract which allows them to pay for exactly the served amount of energy. Each and every transaction is stored in a ledger. Operating the entire system in Ethereum platform provides transparency, security and credibility to the process. The process entirely runs on the transfer of cryptocurrencies and not any other mode of money.

Authors and Affiliations

M. Uday
Computer Science and Engineering, Vasireddy Venkatadri Institute of Technology, Guntur, Andhra Pradesh, India
P.Devi Prasad
Computer Science and Engineering, Vasireddy Venkatadri Institute of Technology, Guntur, Andhra Pradesh, India
N. Jagadeesh Sai
Computer Science and Engineering, Vasireddy Venkatadri Institute of Technology, Guntur, Andhra Pradesh, India

Blockchain, Ethereum, Ledger, Smart Contract, Cryptocurrency, Credibility.

  1. https://file.scirp.org/pdf/JIS_2018062815280747.pdf
  2. https://file.scirp.org/pdf/JIS_2018062815280747.pdf
  3. https://file.scirp.org/pdf/JIS_2018062815280747.pdf
  4. https://www.wipro.com/en-IN/oil-and-gas/blockchain-creating-the-next-generation-energy-trading-platform/
  5. https://enerchain.ponton.de/index.php/5-peer-to-peer-energy-trading-using-the-blockchain

Publication Details

Published in : Volume 5 | Issue 2 | March-April 2019
Date of Publication : 2019-04-30
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 800-803
Manuscript Number : CSEIT1952199
Publisher : Technoscience Academy

ISSN : 2456-3307

Cite This Article :

M. Uday, P.Devi Prasad, N. Jagadeesh Sai, "Energy Trading through Blockchain", International Journal of Scientific Research in Computer Science, Engineering and Information Technology (IJSRCSEIT), ISSN : 2456-3307, Volume 5, Issue 2, pp.800-803, March-April-2019. Available at doi : https://doi.org/10.32628/CSEIT1952199
Journal URL : http://ijsrcseit.com/CSEIT1952199

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