A Design of Electricity Trading System Based on Blockchain Technology

Abstract

The traditional power trading system is mainly based on a centralized architecture, and there are many problems such as many participants, insufficient data security, and data islands, which limit the willingness of trading entities to enter the market. Blockchain technology has the characteristics of openness, transparency, traceability, non-tampering, weak centralization, etc., which to a certain extent helps to solve the problems existing in traditional power trading systems. This paper proposes an architecture design of a power trading system based on blockchain technology, analyzes the block link access mode, and provides a new idea different from the traditional mode of distributed storage, hybrid deployment and flexible access. Problems such as data islands and insufficient security in power transaction scenarios have improved the flexibility of data access.