VA3: A Web 3.0 Based I2I Power Transaction Platform

Abstract

VA3, is a novel web3.0 based individual peer-to-peer platform for electricity settlement between individual New Zealanders with the ability to trade at a sub-household level i.e., multiple accounts within a single home or a portable account per person. We were able create a web3 application based on the base Ethereum network to successfully automate at individual person’s power consumption and production which is fed into a smart contract using a software update to modify the home router to basically act as a home energy management system and then settlements are automatically managed by the smart contracts.