Reliability and Performance Verification of a Blockchain-Based Direct Power Trading Platform

Energy transition has become a global trend, with renewable energy being actively developed as a key strategy for achieving carbon neutrality.As interest in renewable energy grows, innovative technologies are emerging in the electric power industry.Small-scale distributed power-generation companies are gaining traction to increase the share of renewable energy.Even when small-scale power generation companies generate electricity, selling it remains a challenge.In this study, we developed a blockchain-based power-trading platform to support small-scale solar power generation companies.The platform was tested through simulations, confirming its reliability and performance.This blockchain-based power-trading platform is expected to play an important role in promoting the decentralization of the power market and energy transition through neighbor-to-neighbor transactions among energy prosumers.

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Publication Details

Journal
Journal of the Korean Solar Energy Society
Published
2025-08-30
DOI
https://doi.org/10.7836/kses.2025.45.4.017
Primary Topic
Smart Grid Energy Management
Type
article
Field-Weighted Citation Impact
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article

Reliability and Performance Verification of a Blockchain-Based Direct Power Trading Platform

Jaewon Lee, J. Hyun, Hansol Lee, J.S. Yoon et al.
1 links
Journal of the Korean Solar Energy Society
Smart Grid Energy Management
article

Reliability and Performance Verification of a Blockchain-Based Direct Power Trading Platform

Jaewon Lee, J. Hyun, Hansol Lee, J.S. Yoon, Sungmin Woo, Byung-Hoon Chang
article en

Abstract

Energy transition has become a global trend, with renewable energy being actively developed as a key strategy for achieving carbon neutrality.As interest in renewable energy grows, innovative technologies are emerging in the electric power industry.Small-scale distributed power-generation companies are gaining traction to increase the share of renewable energy.Even when small-scale power generation companies generate electricity, selling it remains a challenge.In this study, we developed a blockchain-based power-trading platform to support small-scale solar power generation companies.The platform was tested through simulations, confirming its reliability and performance.This blockchain-based power-trading platform is expected to play an important role in promoting the decentralization of the power market and energy transition through neighbor-to-neighbor transactions among energy prosumers.

Journal of the Korean Solar Energy SocietyVol. 45(4)
Electric Power Research Institute (US), J-Power (Japan) (JP), Next Energy Technologies (United States) (US)
Openalex Percentile: Top 77%
Smart Grid Energy Management
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