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 language | English |
|---|---|
| Title of host publication | 2021 17th International Conference on Distributed Computing in Sensor Systems (DCOSS) |
| Place of Publication | Piscataway, NJ |
| Publisher | IEEE |
| ISBN (Electronic) | 978-1-6654-3929-9 |
| ISBN (Print) | 978-1-6654-3930-5 |
| DOIs | |
| Publication status | Published - 17 Nov 2021 |
| Event | 17th International Conference on Distributed Computing in Sensor Systems, DCOSS 2021 - Pafos, Cyprus Duration: 14 Jul 2021 → 16 Jul 2021 Conference number: 17 |
Publication series
| Name | International Conference on Distributed Computing in Sensor Systems (DCOSS) |
|---|---|
| Publisher | IEEE |
| Number | 17 |
| Volume | 2021 |
| ISSN (Print) | 2325-2936 |
| ISSN (Electronic) | 2325-2944 |
Conference
| Conference | 17th International Conference on Distributed Computing in Sensor Systems, DCOSS 2021 |
|---|---|
| Abbreviated title | DCOSS 2021 |
| Country/Territory | Cyprus |
| City | Pafos |
| Period | 14/07/21 → 16/07/21 |
Keywords
- 2023 OA procedure
