Blockchain-Based Peer-to-Peer Energy Trading Marketplace in Solar Energy

This research explores the application of blockchain technology in the energy trading sector, focusing on peer-to-peer solar energy trading. By leveraging Ethereum and Solidity, the study develops smart contracts to create a secure, transparent, and efficient energy trading platform. The system was tested on the Sepolia Testnet, showing high transaction throughput and low latency, with a comprehensive security audit confirming its robustness. Despite limitations such as the reliance on a test network and the need for additional functionalities, the findings demonstrate blockchain's potential to enhance transparency and security in energy trading. Future work includes real-world implementation and further optimization. This study contributes to the development of sustainable and reliable decentralized energy solutions.

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Publication Details

Published
2024-11-24
DOI
https://doi.org/10.1109/ispec59716.2024.10892488
Citations
1
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.78
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article

Blockchain-Based Peer-to-Peer Energy Trading Marketplace in Solar Energy

Shirley Anak Rufus, Nazreen Junaidi, Atiq Firdaus bin Fazari, A'in Sarah Binti Aidell
1 citations
Blockchain Technology Applications and Security
0.78
article

Blockchain-Based Peer-to-Peer Energy Trading Marketplace in Solar Energy

Shirley Anak Rufus, Nazreen Junaidi, Atiq Firdaus bin Fazari, A'in Sarah Binti Aidell
article en
1 citations

Abstract

This research explores the application of blockchain technology in the energy trading sector, focusing on peer-to-peer solar energy trading. By leveraging Ethereum and Solidity, the study develops smart contracts to create a secure, transparent, and efficient energy trading platform. The system was tested on the Sepolia Testnet, showing high transaction throughput and low latency, with a comprehensive security audit confirming its robustness. Despite limitations such as the reliance on a test network and the need for additional functionalities, the findings demonstrate blockchain's potential to enhance transparency and security in energy trading. Future work includes real-world implementation and further optimization. This study contributes to the development of sustainable and reliable decentralized energy solutions.

Universiti Malaysia Sarawak (MY)
Affordable and clean energy
Openalex Percentile: Top 17%
Blockchain Technology Applications and Security
0.78
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