Ran Chen, Jiabei Zhang, Fuquan Yuan, Bo Zhou, Wei Shi, Haiming Zhou
{"title":"Power Trading Model for Distributed Power Generation Systems Based on Consortium Blockchains","authors":"Ran Chen, Jiabei Zhang, Fuquan Yuan, Bo Zhou, Wei Shi, Haiming Zhou","doi":"10.1145/3457913.3457929","DOIUrl":null,"url":null,"abstract":"Distributed power generation systems based on clean energy experience a large development worldwide. However, existing centralized power trading models cannot support direct transactions between distributed power generation systems and power consumers. Existing centralized power trading models suffer from multi-agent untrustworthiness and risk of data tampering. In addition, the direct transactions involve a large number of producers and consumers, thus requiring high efficiency of transaction processing in power trading models. To tackle with the problems, we propose a weakly centralized power trading model based on consortium blockchains in this paper. The trading model facilitate the power trading process by using smart contracts on consortium blockchains. In addition, we propose an approach based on the Hotelling theory to determine the pricing for transaction in our power trading model. The experimental results show that our power trading model provides a stable throughput as the request rate of transactions increases. The power trading model proposed in this paper is more practical than those based on public blockchains.","PeriodicalId":194449,"journal":{"name":"Proceedings of the 12th Asia-Pacific Symposium on Internetware","volume":"91 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Proceedings of the 12th Asia-Pacific Symposium on Internetware","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1145/3457913.3457929","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
Distributed power generation systems based on clean energy experience a large development worldwide. However, existing centralized power trading models cannot support direct transactions between distributed power generation systems and power consumers. Existing centralized power trading models suffer from multi-agent untrustworthiness and risk of data tampering. In addition, the direct transactions involve a large number of producers and consumers, thus requiring high efficiency of transaction processing in power trading models. To tackle with the problems, we propose a weakly centralized power trading model based on consortium blockchains in this paper. The trading model facilitate the power trading process by using smart contracts on consortium blockchains. In addition, we propose an approach based on the Hotelling theory to determine the pricing for transaction in our power trading model. The experimental results show that our power trading model provides a stable throughput as the request rate of transactions increases. The power trading model proposed in this paper is more practical than those based on public blockchains.