Blockchain-based Energy Trading System

Abstract: The traditional energy market suffers from inefficiencies, high transaction costs, and a lack of transparency, often limiting small-scale producers from participating effectively. Blockchain technology offers a decentralized, secure, and transparent solution for peer-to-peer (P2P) energy trading. This paper presents a blockchain-based energy trading platform utilizing smart contracts for automated transactions and ensuring real-time energy tracking. The proposed system enhances trust, eliminates intermediaries, and promotes sustainable energy practices by encouraging participation from small-scale renewable energy producers. Future advancements include AI-driven predictive analytics and integration with IoT devices for optimized energy management