Energy Trading through Blockchain

Authors

  • 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

DOI:

https://doi.org/10.32628/CSEIT1952199

Keywords:

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

Abstract

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.

References

  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

IInternational Journal of Scientific Research in Computer Science, Engineering and Information Technology

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Published

2019-04-30

Issue

Volume 5, Issue 2, March-April-2019

Section

Research Articles

License

Copyright (c) IJSRCSEIT

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
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