The IEEE Blockchain Transactive Energy Demo Initiative

Abstract

In 2021 and 2022, the IEEE Blockchain Transactive Energy (BCTE) initiative, a volunteer-staffed outreach effort by the IEEE Future Directions committee, issued requests for proposals (RFPs) for innovative demonstrations of blockchain transactive energy technology. Demos selected by the screening committee were awarded $10,000 each. The intent was to foster interest and activity in actually implementing and deploying blockchain transactive energy systems. The RFP process was open to any team worldwide at an academic institution, utility, large company, nonprofit, or startup. Since this is the first time any IEEE group has run such a demo competition, this paper aims to demonstrate the initial results of the competition.