Fostering Energy Transition in Smart Cities: DLTs for Peer-to-Peer Electricity Trading

Mehdi Montakhabi, Shenja van der Graaf, Akash Madhusudan, Roozbeh Sarenche, Mustafa A. Mustafa

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

3 Citations (Scopus)
53 Downloads (Pure)

Abstract

This paper explores the applications of Distributed Ledger Technologies (DLTs) in Peer-to-Peer (P2P) electricity trading. It highlights the challenges and trade-offs of applying three different DLTs: Blockchain, Directed Acyclic Graph (DAG), and Holochain. First, the study introduces the energy transition concept in the smart city context. Second, P2P electricity trading and its supporting trading mechanisms are introduced. Third, DLTs are defined and three different types of DLTs are introduced. Forth, possibilities, challenges, and consequences of applying DLTs in electricity trading are explained. Last, applying DLTs for P2P electricity trading from different aspects are discussed. This paper provides a benchmark for applying DLTs to foster energy transition in smart cities. It highlights how this type of technology can serve smart circular economy.
Original languageEnglish
Title of host publication2021 17th International Conference on Distributed Computing in Sensor Systems (DCOSS)
Place of PublicationPiscataway, NJ
PublisherIEEE
ISBN (Electronic)978-1-6654-3929-9
ISBN (Print)978-1-6654-3930-5
DOIs
Publication statusPublished - 17 Nov 2021
Event17th International Conference on Distributed Computing in Sensor Systems, DCOSS 2021 - Pafos, Cyprus
Duration: 14 Jul 202116 Jul 2021
Conference number: 17

Publication series

NameInternational Conference on Distributed Computing in Sensor Systems (DCOSS)
PublisherIEEE
Number17
Volume2021
ISSN (Print)2325-2936
ISSN (Electronic)2325-2944

Conference

Conference17th International Conference on Distributed Computing in Sensor Systems, DCOSS 2021
Abbreviated titleDCOSS 2021
Country/TerritoryCyprus
CityPafos
Period14/07/2116/07/21

Keywords

  • 2023 OA procedure

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